2011 (8) TMI 523

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....ant. Shri S. Parthasarathi for the Respondent. JUDGMENT N. Kumar, J. - The revenue has preferred this appeal against the order passed by the Tribunal, which has held that the amount received by the assessee as temporary advance does not fall within the phrase 'loan or deposits' and therefore, there is no violation of 269SS read with section 271D of the Act. 2. The facts are not in disp....

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....sion and imposed penalty under section 271D of the Act. Aggrieved by the same, assessee preferred an appeal. However, the Appellate Commissioner confirmed the demand. It is against these orders, the assessee preferred an appeal to the Tribunal. 4. The Tribunal relying on the judgments in the case of Dillu Cine Enterprises (P.) Ltd. v. Addl. CIT [2002] 80 ITD 484 (Hyd.), Cochin Bench of the Trib....