{"id":38772,"date":"2024-02-01T14:37:38","date_gmt":"2024-02-01T09:07:38","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-sahara-india-mutual-benefit-co-ltd-2023-456-itr-782-294-taxman-429-sc-editorial-cit-v-sahara-india-mutual-benefit-co-ltd-2012-28-taxmann-com-119-212-taxman-97-mag-2013-83\/"},"modified":"2024-11-07T13:32:56","modified_gmt":"2024-11-07T08:02:56","slug":"cit-v-sahara-india-mutual-benefit-co-ltd-2023-456-itr-782-294-taxman-429-sc-editorial-cit-v-sahara-india-mutual-benefit-co-ltd-2012-28-taxmann-com-119-212-taxman-97-mag-2013-83","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-sahara-india-mutual-benefit-co-ltd-2023-456-itr-782-294-taxman-429-sc-editorial-cit-v-sahara-india-mutual-benefit-co-ltd-2012-28-taxmann-com-119-212-taxman-97-mag-2013-83\/","title":{"rendered":"CIT v. Sahara India Mutual Benefit Co. Ltd. (2023) 456 ITR 782 \/ 294 Taxman 429 \/\/(2024) 337 CTR  377((SC) Editorial : CIT v. Sahara India Mutual Benefit Co. Ltd (2012) 28 taxmann.com 119 \/ 212 Taxman 97 (Mag.)\/ (2013) 83 DTR 171 \/ 257 CTR 225 (Delhi)(HC)"},"content":{"rendered":"<p>Assessee is\u00a0 a mutual benefit company doing business of mobilization of deposits from members\/shareholders. Tribunal deleted penalty imposed on assessee under sections 271D and 271E after considering assessee&#8217;s business realities, difficulties in mobilizing deposits from people of small incomes, agriculturists and rural dwellers. Order of Tribunal was affirmed by High Court. Order of High Court is affirmed.\u00a0 (AY.1992-93, 1993-94, 1996-97, 1999-2000, 2000-01)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271D : Penalty-Takes or accepts any loan or deposit-Mobilizing deposits from people of small incomes, agriculturists and rural dwellers-Order of High Court deleting the penalty is affirmed.  [S. 269SS, 269T, 271E, 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-38772","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-a5m","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38772","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=38772"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38772\/revisions"}],"predecessor-version":[{"id":47520,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/38772\/revisions\/47520"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=38772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=38772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=38772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}