2018 (5) TMI 1532

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....CIT (DR) ORDER Per M.Balaganesh, AM By virtue of these stay applications, the assessee seeks to keep the demands raised in the sums of Rs. 2,30,10,000/- and Rs. 21,08,257/- in abeyance for the assessment year 2013-14. These demands are raised pursuant to levy of penalty u/s 271D (Rs. 2,30,10,000/-) and 271E (Rs. 21,08,257/-) for violation of provisions of section 269SS and 269T respectively. Th....

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....vision of Section 269SS and 269T of the Act warranting levy of penalty u/s 271D and 271E of the Act. Accordingly, he prayed for absolute stay of demand raised in this regard. In response to this, Ld. DR vehemently objected to the grant of stay. 2. We have heard the rival submissions and perused the necessary evidences filed by the ld. AR wherein from the RTGS transfer application form, we find th....