1994 (11) TMI 16

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....ons, they could be disposed of by one common order. Hence I pass a common order. In these three miscellaneous petitions, the petitioners are common. They request this court to call for the records pending in different C. Cs, on the file of the judicial Magistrate, Krishnagiri. The respondent, the Income-tax Officer, Krishnagiri Ward, Krishnagiri, filed a complaint against the petitioners for....

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....sh under reasonable circumstances. In spite of the reply to the show-cause notice, the respondent has chosen to prefer the above complaint against the petitioners. The said proceedings pending before the court below are the subject matter of these miscellaneous petitions. Heard learned counsel for the petitioners and the learned advocate appearing for the respondent/income-tax authority. Two gr....

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.... the accused company has violated section 269T by repayment of loans otherwise than by an account payee cheque or account payee bank draft. He has further submitted that it is a matter which has to be decided in the trial court after letting in evidence as to whether it is a loan or deposit. As far as the other ground is concerned, regarding the reasonable cause, as described in the Act, show-caus....