2015 (2) TMI 1318 - SCH - Income Tax

Penalty u/s 271D of the Act - Exception to section 269SS of the Act - Cash accepted exceeding the limit - Genuineness of loan/ deposit transaction - HELD THAT - Delay condoned. Leave granted.

Summary

The Supreme Court of India granted leave after hearing the case with delay condoned. The respondent did not have representation during the proceedings.