2025 (8) TMI 1581

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.... For The Revenue : Dr. Aparna Villuri, Sr. AR ORDER PER K. NARASIMHA CHARY, J.M: Aggrieved by the order dated 27/09/2024 passed by the learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre, Delhi ("Ld. CIT(A)"), in the case of Appalaswamy Gorle ("the assessee"), assessee preferred this appeal. 2. Brief facts are that in this case a penalty of Rs. 14 lakhs was....

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....269SS of the Act and held that the assessee received the cash in violation of the provisions of section 269SS of the Act and thereby penalty is justifiable. Hence this appeal by the assessee. 4. Learned Authorized Representative ("learned AR") submitted that section 269SS of the Act has no application to the facts of this case inasmuch as the specified sum as defined in section 269SS of the Act....