2012 (6) TMI 891

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....judgment and order dated 30th December, 2012 passed by the learned Income Tax Appellate Tribunal in relation to the assessment year 2007-08 is sought to be admitted on the following substantial questions of law: a. Whether the Learned Tribunal erred in law making a true and correct interpretation of Section 271D read with Section 269SS thereby deleting the penalty imposed contrary to prin....

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....ssessee's books of account for the purpose of record." Thereafter the learned Tribunal has recorded that on the identical fact the Coordinate Bench of the learned Tribunal decided the issue as to whether this can be called loans or deposits within the meaning of Section 269Ssof the Act. This was decided in the case of Tervinder Singh Sethi Vs. Income Tax officer in ITA No.1074/K/2011 in relatio....