{"id":689,"date":"2018-05-06T17:31:51","date_gmt":"2018-05-06T17:31:51","guid":{"rendered":"http:\/\/itatonline.org\/digest\/cit-v-lodha-properties-development-pvt-ltd-bom-hc-2018-bcaj-april-p-73-editorial-lodha-properties-development-pvt-ltd-v-acit-2014-106-dtr-226-163-ttj-778-34-itr-157-mum-trib-is-a\/"},"modified":"2019-05-21T00:48:44","modified_gmt":"2019-05-21T00:48:44","slug":"cit-v-lodha-properties-development-pvt-ltd-bom-hc-2018-bcaj-april-p-73-editorial-lodha-properties-development-pvt-ltd-v-acit-2014-106-dtr-226-163-ttj-778-34-itr-157-mum-trib-is-a","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-lodha-properties-development-pvt-ltd-bom-hc-2018-bcaj-april-p-73-editorial-lodha-properties-development-pvt-ltd-v-acit-2014-106-dtr-226-163-ttj-778-34-itr-157-mum-trib-is-a\/","title":{"rendered":"CIT v. Lodha Properties Development Pvt Ltd ( 2018) 165 DTR 227 \/304 CTR 811 \/(2019) 412 ITR 316( Bom) ( HC)Adinath Builders ( P) Ltd ; CIT v.  ( 2018) 165 DTR 227\/304 CTR 811\/(2019) 412 ITR 316 ( Bom) ( HC)  Adinath Hi-Tech Builders ( P) Ltd; CIT v.   ( 2018) 165 DTR 227\/ 304 CTR 811 \/ 92 Taxmann.com 228\/(2019) 412 ITR 316( Bom) ( HC)  Asthavinayak Real Estate ( P) Ltd; CIT v.    ( 2018) 165 DTR 227\/ 304 CTR 811\/(2019) 412 ITR 316 ( Bom) ( HC)  Lodha Bulders ( P) Ltd ; CIT v.  ( 2018) 165 DTR 227\/ 304 CTR 811\/(2019) 412 ITR 316 ( Bom) ( HC)  Lodha Crown Buildmart ( P)  Ltd ; CIT v.  ( 2018) 165 DTR 227\/ 304 CTR 811\/(2019) 412 ITR 316 ( Bom) ( HC)     Editorial : Lodha Properties Development Pvt Ltd v. ACIT (2014) 106 DTR 226\/163 TTJ 778\/34 ITR 157 ( Mum) (Trib) is affirmed.Editorial: SLP of revenue is dismissed CIT v. Adinath Builders (P) Ltd  ( 2018) 409 ITR 14 (St)\/( 2019) 261 Taxman 168 (SC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that for accepting or repaying the loan or deposit by passing journal entries , penalty cannot be levied , if the transactions are bona fide ,genuine and reasonable cause .(<b>No substantial question of law.<\/b> ITA No. 172 of 2015 dt.6-02-2015) ( AY. 2009-10)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271D : Penalty -Takes or accepts  any loan or deposit \u2013Journal entries \u2013 Penalty cannot be levied if the transactions are bona fide ,genuine and reasonable cause.No substantial question of law [ S.  260A,269SS, 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":[1],"tags":[],"class_list":["post-689","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-b7","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/689","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=689"}],"version-history":[{"count":5,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/689\/revisions"}],"predecessor-version":[{"id":5494,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/689\/revisions\/5494"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}