2003 (1) TMI 31

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....nder section 260A of the Income-tax Act, 1961, are directed against the order dated December 29, 1999 passed by the Income-tax Appellate Tribunal, Jaipur, in I. T. A. No. 624/JP of 1993 and I. T. A. No. 858/JP of 1993 for the assessment year 1991-92 and order dated October 21, 1999 passed by the Income-tax Appellate Tribunal, Jaipur, in I. T. A. No. 245/JP of 1993 and I T. A. No. 339/JP of 1993 fo....

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....ugh the provisions of section 269SS with regard to the mode of taking and accepting certain loans and deposits and section 271D with regard to the penalty for failure to comply with the provisions of section 269SS, we are of the opinion that in case, any loan is there exceeding Rs. 20,000 and for that purpose any penalty is to be imposed in accordance with the provisions of section 271D for violat....