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![No Penalty If Cash above Rs 20000 received from Brother and Father due to Business Exigencies: Income Tax Tribunal [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Cash-Transactions.jpg "No Penalty If Cash above Rs 20000 received from Brother and Father due to Business Exigencies: Income Tax Tribunal [Read Order]")
No Penalty If Cash above Rs 20000 received from Brother and Father due to Business Exigencies: Income Tax Tribunal [Read Order]
The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has held that if cash was received from brother and father of the assessee to meet...
![Kerala High Court confirms Penalty as Assessee Failed to Prove Reason for Accepting Deposits from Staff Members in Cash [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Kerala-High-Court-Tax-Scan.jpg "Kerala High Court confirms Penalty as Assessee Failed to Prove Reason for Accepting Deposits from Staff Members in Cash [Read Judgment]")
![Cash Loans above the limits prescribed in Income Tax Act has Legal Sanctity: Delhi HC allows Money Recovery Suit [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/05/Cash-Payments.jpg "Cash Loans above the limits prescribed in Income Tax Act has Legal Sanctity: Delhi HC allows Money Recovery Suit [Read Judgment]")
S. 269SS of Income Tax Act would not be attracted in Cash Transactions between Husband & Wife: ITAT Kolkata [Read Order]
A division bench of the Kolkata Income Tax Appellate Tribunal (ITAT), last week held that cash transactions between husband and wife would not attract section 269SS of the Income Tax Act, 1961. As per...
![S. 269SS of Income Tax Act would not be attracted in Cash Transactions between Husband & Wife: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Cash-Transaction-Taxscan.jpg "S. 269SS of Income Tax Act would not be attracted in Cash Transactions between Husband & Wife: ITAT Kolkata [Read Order]")