{"id":32689,"date":"2023-02-10T12:53:33","date_gmt":"2023-02-10T07:23:33","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-akash-infra-com-projects-p-ltd-2022-289-taxman-300-216-dtr-393-328-ctr-819-orissahc\/"},"modified":"2023-02-10T12:53:33","modified_gmt":"2023-02-10T07:23:33","slug":"pcit-v-akash-infra-com-projects-p-ltd-2022-289-taxman-300-216-dtr-393-328-ctr-819-orissahc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-akash-infra-com-projects-p-ltd-2022-289-taxman-300-216-dtr-393-328-ctr-819-orissahc\/","title":{"rendered":"PCIT v. Akash Infra-com-Projects (P.) Ltd. (2022) 289 Taxman 300 \/ 216 DTR 393 \/ 328 CTR 819 (Orissa)(HC)"},"content":{"rendered":"<p>Assessee\u00a0 had taken loan of Rs. 1.25 crores in cash from its sister concerns and offered explanation that amounts were taken in cash for making labour payments at far off places and there was an urgency to do so.\u00a0 Assessing Officer rejected explanation and imposed penalty.\u00a0 Commissioner (Appeals) allowed appeal which was up held by the Tribunal. On appeal by Revenue\u00a0 the Court\u00a0 up held the order of the Tribunal.\u00a0 (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271D : Penalty-Takes or accepts any loan or deposit-Loan from sister concerns-Payments to labour charges-Reasonable cause-Deletion of penalty is justified. [S. 269SS]  <\/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-32689","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8vf","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32689","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=32689"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32689\/revisions"}],"predecessor-version":[{"id":32690,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/32689\/revisions\/32690"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=32689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=32689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=32689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}