Case Law Details
Case Name : Commissioner of Income Tax- I Vs. Smt.M.Yesodha (Madras High Court)
Related Assessment Year :
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All High Courts Madras High Court
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HIGH COURT OF MADRAS
Commissioner of Income-tax – I
versus
Smt. M.Yesodha
TAX CASE (APPEAL) NO. 320 OF 2010
Date of pronouncement- 05.02.2013
JUDGMENT
R. Banumathi, J.
The Revenue has come forward with this appeal and the same was admitted on the following substantial question of law:
“Whether on the facts and in the circumstances of the case, the Income Tax Appellate Tribunal was right in deleting the penalty of Rs. 20,99,393/- levied under Section 271D of the Income Tax Act for violation of Section 269SS on the ground that the assessee had taken the loan only fro...
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WIll Payments made by Assessee’s Husband to labour on continued basis be allowed as a gift from relative and not come under the violations of Sec 269ss? Showing that it was the “need” of assessee having proof of current poor financial condition?