{"id":39572,"date":"2024-02-22T13:12:28","date_gmt":"2024-02-22T07:42:28","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-sahara-india-financial-corp-ltd-2023-456-itr-788-295-taxman-2-sc-editorial-order-of-delhi-high-court-is-affirmed-cit-v-sahara-india-financial-corp-ltd-2012-26-taxmann-com-269-del\/"},"modified":"2024-10-10T06:11:18","modified_gmt":"2024-10-10T00:41:18","slug":"cit-v-sahara-india-financial-corp-ltd-2023-456-itr-788-295-taxman-2-sc-editorial-order-of-delhi-high-court-is-affirmed-cit-v-sahara-india-financial-corp-ltd-2012-26-taxmann-com-269-del","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-sahara-india-financial-corp-ltd-2023-456-itr-788-295-taxman-2-sc-editorial-order-of-delhi-high-court-is-affirmed-cit-v-sahara-india-financial-corp-ltd-2012-26-taxmann-com-269-del\/","title":{"rendered":"CIT v. Sahara India Financial Corp. Ltd. (2023) 456 ITR 788 \/ 295 Taxman 2\/(2024) 337 CTR 378 (SC) Editorial: Order of Delhi High Court is affirmed, CIT v. Sahara India Financial Corp. Ltd (2012) 26 taxmann.com 269 (Delhi)(HC)"},"content":{"rendered":"<p>Assessing Officer levied\u00a0 penalty on assessee which is\u00a0 a non-banking finance company, which had accepted cash deposit in violation of section 269SS.\u00a0 High Court\u00a0 deleted penalty on ground that depositors belonged to rural areas where adequate banking facilities were not available. Order of High Court is affirmed. (AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271D : Penalty-Takes or accepts any loan or deposit-Acceptance of loans and deposits-Otherwise than by account payee cheque or account payee bank draft-Reasonable cause-Order of High Court deleting the penalty is affirmed. [S. 269SS, 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-39572","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-aig","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39572","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=39572"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39572\/revisions"}],"predecessor-version":[{"id":46959,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39572\/revisions\/46959"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=39572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=39572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=39572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}