https://www.taxtmi.com/caselaws?id=387123 The Court upheld penalty orders against Primary Agricultural Credit Societies under Sections 271D and 271E of the Income Tax Act for non-compliance with Section 269 SS, with penalty amounts ranging from Rs. 36 Crores to Rs. 218 Crores. The Court directed the Commissioner of Income Tax (Appeals) to expedite the disposal of appeals within three months, maintaining the stay on penalty recovery until appellate orders are communicated, balancing the interests of both parties and ensuring fair resolution of the legal dispute. en-us Fri, 11 Oct 2019 00:00:00 +0530 Thu, 17 Oct 2019 10:58:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387123 The Court upheld penalty orders against Primary Agricultural Credit Societies under Sections 271D and 271E of the Income Tax Act for non-compliance with Section 269 SS, with penalty amounts ranging from Rs. 36 Crores to Rs. 218 Crores. The Court directed the Commissioner of Income Tax (Appeals) to expedite the disposal of appeals within three months, maintaining the stay on penalty recovery until appellate orders are communicated, balancing the interests of both parties and ensuring fair resolution of the legal dispute. Case-Laws Income Tax Fri, 11 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387123