This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Penalty under section 271D Not Sustained for Loans via Banks: ITAT
Case Law Details
- Case Name
- Vijayaben G. Zalavadia Vs JCIT (ITAT Ahmedabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Ahmedabad
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Vijayaben G. Zalavadia Vs JCIT (ITAT Ahmedabad)
Introduction: The Income Tax Appellate Tribunal (ITAT) Ahmedabad recently ruled in the case of Vijayaben G. Zalavadia Vs JCIT, making significant determinations regarding penalties imposed under Section 271D and the conditions under which Section 269SS is applicable.
Background: The assessee, Vijayaben G. Zalavadia, is an agriculturist who accepted a loan of Rs. 1,70,000/- from The Berna Gamni Seva Sahkari Mandali Ltd. The Assessing Officer penalized the assessee under Section 271D for contravention of Section 269SS of the Act, asserting that t...
