Provision of Section 269SS and 269T of Income Tax Act imposes Statutory Liability and can’t be stated as a Mere Technical Violation: ITAT [Read Order]

By Sunayana Dhal - On October 21, 2023 6:00 am - 2 mins read
Provision - Income Tax Act - Statutory Liability - stated - Mere Technical Violation-ITAT-TAXSCAN

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the provision of Section 269SS and 269T of the Income Tax Act, 1961 imposed statutory liability and cannot be stated as a mere technical violation. During the scrutiny proceedings of the assessee company, the Assessing Officer noted that the assessee company had received…

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