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![ITAT deletes penalty since Cash Transactions with Sister-in-Law and Nephew not amount to ‘Loan’ for the purpose of s. 269SS [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Cash-Transactions.jpg "ITAT deletes penalty since Cash Transactions with Sister-in-Law and Nephew not amount to ‘Loan’ for the purpose of s. 269SS [Read Order]")
ITAT deletes penalty since Cash Transactions with Sister-in-Law and Nephew not amount to ‘Loan’ for the purpose of s. 269SS [Read Order]
Income Tax Appellate Tribunal (ITAT), Kolkata bench has deleted penalty under section 273B of Income Tax Act 1961 and proclaimed that the cash...
![Cash Transaction between Close Family Members for giving a support and help not amount to ‘Loan’ u/s 269SS: ITAT Deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Cash-Transaction-Taxscan.jpg "Cash Transaction between Close Family Members for giving a support and help not amount to ‘Loan’ u/s 269SS: ITAT Deletes Penalty [Read Order]")
![ITAT confirms Addition since there is No Direct Nexus b/w Amount Seized from Assessee and the Withdrawal from Bank Account of Assessee’s relative [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/03/Cash-Transaction-Limit.jpg "ITAT confirms Addition since there is No Direct Nexus b/w Amount Seized from Assessee and the Withdrawal from Bank Account of Assessee’s relative [Read Order]")
