Section 269T not applicable in respect of payment of interest

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Sec. 269T not applicable in respect of payment of interest; ITAT deleted sec. 271E penalty

Where assessee builder could not prove expenditure incurred with relevant books and vouchers, estimation of income at rate of 11 per cent was reasonable

Where assessee was found to have received certain sum in cash and contention of assessee that said cash was towards capital contribution of various projects was not supported by any evidence, penalty under section 271D was leviable

Provisions of section 269T are applicable in case of adjustment of loan towards sale of flats

Where tax effect pertaining to amount disputed by revenue was lower than monetary limit fixed by CBDT, revenue’s appeal was not maintainable

Provisions of section 269T are not applicable in respect of payment of interest in cash – 

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