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TMI Blog2018 (5) TMI 1532X X X X Extracts X X X X X X X X Extracts X X X X ..... ancement in the banking system these type of RTGS payments are done electronically in order to get instant realization of the amount from the account of the payer to the account of the payee. This, in our considered opinion, is mere carrying on transactions in electronic mode through regular banking channel. Assessee has made out a prima facie case in its favour. AR also placed on record the prese ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0,10,000/- and ₹ 21,08,257/- in abeyance for the assessment year 2013-14. These demands are raised pursuant to levy of penalty u/s 271D (Rs. 2,30,10,000/-) and 271E (Rs. 21,08,257/-) for violation of provisions of section 269SS and 269T respectively. The ld. AR submitted that the assessee is engaged in the business of developing real estate projects and during the year it had received loans ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of demand raised in this regard. In response to this, Ld. DR vehemently objected to the grant of stay. 2. We have heard the rival submissions and perused the necessary evidences filed by the ld. AR wherein from the RTGS transfer application form, we find that the payer has issued cheque to the bank clearly mentioning the cheque no. and cheque amount and thereafter transaction happened between ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tay of demand for a period of six months from today or till the disposal of the appeals by this Tribunal whichever is earlier. The appeals are listed for hearing on 17.04.2018 for which both the parties are informed in the open Court and no fresh notices would follow. 4. In the result, the stay petitions of the assessee are allowed. Order pronounced in the open Court on 09.03.2018. - - T ..... X X X X Extracts X X X X X X X X Extracts X X X X
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