Penalty u/s 271D - violation of provisions of section 269SS - AO ...

Case Laws Income Tax

June 13, 2019

Penalty u/s 271D - violation of provisions of section 269SS - AO has not at all recorded his satisfaction that the assessee has contravened the provisions of section 269SS warranting levy of penalty u/s 271D - penalty not sustainable

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Penalty u/s 271D - violation of provisions of section 269SS - AO ...

Case Laws Income Tax

June 13, 2019

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The High Court held that for levying penalty u/s 271D for violation of Section 269SS, the Assessing Officer must record satisfaction that the provisions were violated....

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