Case Law Details
Case Name : CIT-II, Agra Vs Smt. Dimpal Yadav (Allahabad High Court)
Related Assessment Year :
Courts :
All High Courts Allahabad High Court
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CA Satish Garg
Brief of the Case
In a landmark judgement of Hon’ble Allahabad High Court in the case of CIT- V. Smt. Dimpal Yadav, it was held that where even through assesee had taken a loan in cash, since loan was routed through bank account of the assessee for the payment to Government for converting land into free hold property, no penalty could be imposed u/s 271D.
Fact of the case:-
a) In this case, Assesee has taken cash loan more than Rs. 20000/- from a political party.
b) Assessee along with her husband acquire lease hold right over a land on the payment of certain sum and same ...
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Excellent piece of information, specially to those who wish to take advantage of the contents therein and are in a fix about whom and where and how to contact the Govt. Officials concerned. Keep it up.