CIT vs. Saurabh Enterprises (Allahabad High Court)

COURT:
CORAM:
SECTION(S):
GENRE:
CATCH WORDS:
COUNSEL:
DATE: (Date of pronouncement)
DATE: July 6, 2014 (Date of publication)
AY:
FILE:
CITATION:

Click here to download the judgement (saurabh_269SS_269T_book_entries.pdf)


S. 269SS/ 269T is not attracted to book entries not involving cash transactions

As the transactions of loans & advances were not cash transactions and were merely book entries by way of adjustment entries, there is no violation of Section 269SS/269T of the Act and no question of levy of penalty u/s 271D/ 271E.

One comment on “CIT vs. Saurabh Enterprises (Allahabad High Court)
  1. Ashok Garg says:

    But only Journal entries?

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