{"id":13269,"date":"2020-10-25T13:33:31","date_gmt":"2020-10-25T13:33:31","guid":{"rendered":"https:\/\/itatonline.org\/digest\/jayantilal-voashnav-huf-v-jcit-mum-trib-www-itatonline-org\/"},"modified":"2020-10-25T13:33:31","modified_gmt":"2020-10-25T13:33:31","slug":"jayantilal-voashnav-huf-v-jcit-mum-trib-www-itatonline-org","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/jayantilal-voashnav-huf-v-jcit-mum-trib-www-itatonline-org\/","title":{"rendered":"Jayantilal Voashnav HUF v .JCIT ( Mum) (Trib) www.itatonline.org"},"content":{"rendered":"<div>\n<p>Deleting the\u00a0 penalty the Tribunal held that the repayment was made in cash as the cheques were dishonoured\u00a0 and people have gheraoed the business premises. Explanation \u00a0submitted\u00a0showed a reasonable cause hence the penalty levied was deleted . ( Followed \u00a0\u00a0ADIT \u00a0v.Kumari \u00a0A. R.Shanti \u00a0(2008) \u00a0255 ITR 258 (SC) \u00a0\u00a0Suresh R. Solanki\u00a0 v. \u00a0ACIT (2014) (4)TMl \u00a0557 -ITAT Mumbai ) \u00a0( ITA No 5391\/ M\/ 2003 dt 16-10 -2015 ) (AY. 2009-10)<\/p>\n<\/div>\n<div>\n<p>\u00a0<\/p>\n<\/div>\n<div>\n<p><a href=\"https:\/\/itatonline.org\/digest\/wp-content\/uploads\/2020\/10\/ITAT-Order.pdf\">https:\/\/itatonline.org\/digest\/wp-content\/uploads\/2020\/10\/ITAT-Order.pdf<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>S. 271E : Penalty &#8211; Repayment of loan or deposit &#8211;  Reasonable cause \u2013 Levy of penalty is not valid [ S.  269T, 273B ]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-13269","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3s1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13269","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=13269"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13269\/revisions"}],"predecessor-version":[{"id":13270,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/13269\/revisions\/13270"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=13269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=13269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=13269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}