In the result, the appeal of the revenue, ITA No 90/Asr/2020 is dismissed
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
section 269SS and 269T for accepting and repaying the loan in cash exceeding the prescribed limit against Mr Prem Pal Singh. Both the provisions cannot run together. We find that there is no merit in the order of the revenue. There, no statement was recorded from Sh. Prem Pal Singh in relation of the transaction of loan. The documents