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JAGIR SINGH BALRAJ KUMAR & CO. versus COMMISSIONER OF INCOME-TAX


The reference to the law loans and deposits ITO appears to have been made in violation of Section 269 SSC and, assuming acceptance of deposits in excess of Rs 20,000, it is claimed that their production from the farmers. Deposits received on the sale of two deposits and two deposits were in the nature of reducing the penalties in the deputy CIT imposing penalties, the statement of the case, while the statement from the High Court regarding the cancellation of fines under 5 25 2560. Referring to the question) In the case of income, the question whether there was no penalty: because the two deposits are trustees and The Indian Income Tax Act, 1961, section 256 (2), 269 ss and 271 d for non-loan reference

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