{"id":4533,"date":"2019-03-25T11:22:37","date_gmt":"2019-03-25T11:22:37","guid":{"rendered":"http:\/\/itatonline.org\/digest\/gokavarapu-venkata-satya-durga-prasad-v-addl-cit-2018-194-ttj-14-visakhauotrib\/"},"modified":"2019-03-25T11:22:37","modified_gmt":"2019-03-25T11:22:37","slug":"gokavarapu-venkata-satya-durga-prasad-v-addl-cit-2018-194-ttj-14-visakhauotrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/gokavarapu-venkata-satya-durga-prasad-v-addl-cit-2018-194-ttj-14-visakhauotrib\/","title":{"rendered":"Gokavarapu Venkata Satya Durga Prasad v. Addl. CIT (2018) 194 TTJ 14 (Visakha)(UO)(Trib.)"},"content":{"rendered":"<p>It has been held by the Appellate Tribunal that merely because loan taken by assessee from his father for purchasing the assets was shown as debt in his father\u2019s balance sheet, same need not be treated as violation of the provision of s. 269SS and attracts the levy penalty u\/s 271D of the Act . (A.Y. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271D : Penalty-Accepts any loan or deposit\u2013loan received from father \u2013 same could be treated as gift and not loan \u2013 levy of penalty unjustified.<\/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":[1],"tags":[],"class_list":["post-4533","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1b7","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4533","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=4533"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4533\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}