https://www.taxtmi.com/highlights?id=65779 Applicability of section 269ST to the investments made in cash - section 269ST and the penalty provisions for not complying with the said section as contained in section 271DA are applicable to the receiver of the sum. Considering the facts of the case and the relevant provisions of the Act, we are of the view the action of PCIT invoking section 263 stating that the AO’s order is erroneous to the extent of AO not verifying whether investments are in violation of section 269ST is not tenable. - AT en-us Fri, 23 Sep 2022 18:11:42 +0530 Fri, 23 Sep 2022 18:11:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65779 Applicability of section 269ST to the investments made in cash - section 269ST and the penalty provisions for not complying with the said section as contained in section 271DA are applicable to the receiver of the sum. Considering the facts of the case and the relevant provisions of the Act, we are of the view the action of PCIT invoking section 263 stating that the AO’s order is erroneous to the extent of AO not verifying whether investments are in violation of section 269ST is not tenable. - AT Highlights Income Tax Fri, 23 Sep 2022 18:11:42 +0530 https://www.taxtmi.com/highlights?id=65779