https://www.taxtmi.com/caselaws?id=360968 The Tribunal granted a stay of demand for the assessee in a case involving penalties under sections 271D and 271E for violating sections 269SS and 269T related to loan transactions in real estate projects. The Tribunal acknowledged the use of Real Time Gross Settlement (RTGS) method for transactions, which were considered as conducted through regular banking channels. The Tribunal found the assessee had a prima facie case, supported by financial evidence, and granted a stay for six months or until the disposal of appeals, whichever is earlier. The stay petitions were ultimately allowed, with the order pronounced in open Court on 09.03.2018. en-us Fri, 09 Mar 2018 00:00:00 +0530 Sat, 26 May 2018 08:01:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360968 The Tribunal granted a stay of demand for the assessee in a case involving penalties under sections 271D and 271E for violating sections 269SS and 269T related to loan transactions in real estate projects. The Tribunal acknowledged the use of Real Time Gross Settlement (RTGS) method for transactions, which were considered as conducted through regular banking channels. The Tribunal found the assessee had a prima facie case, supported by financial evidence, and granted a stay for six months or until the disposal of appeals, whichever is earlier. The stay petitions were ultimately allowed, with the order pronounced in open Court on 09.03.2018. Case-Laws Income Tax Fri, 09 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360968