Reimbursement of expense cannot be treated as loan or deposit to attract Section 269SS or 269T

HIGH COURT OF GUJARAT Income-tax Officer Versus VS Hostel Tax Appeal Nos. 1463 & 1466 of 2011 September 18, 2012 ORDER Harsha Devani, J.  Both these appeals under section 260A of the Income Tax Act, 1961 (hereinafter referred to as “the Act”) have been filed by the revenue against the common order dated 10.6.11 passed by the Income Tax Appellate Tribunal (hereinafter referred to as “the Tribunal”). Before the Tribunal two separate orders passed by the Commissioner (Appeals) cancelling penalties under section 271D and 271E of the Act were subject ma...