Case Law Details
Case Name : R. Anbuvelrajan Vs ACIT (ITAT Chennai)
Related Assessment Year : 2017-18
Courts :
All ITAT ITAT Chennai
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R. Anbuvelrajan Vs ACIT (ITAT Chennai)
In the case of R. Anbuvelrajan vs. ACIT (ITAT Chennai), the tribunal deliberated on whether a land aggregator acting as a broker could be penalized under Section 269SS of the Income Tax Act for receiving cash payments. Section 269SS prohibits acceptance of loans, deposits, or specified sums exceeding ₹20,000 in cash. However, exceptions exist for fiduciaries acting on behalf of principals. The bench analyzed the statutory provisions and ruled that such brokers or agents
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