KANHIAYA LAL SAIN,JAIPUR vs. JCIT RANGE-7 JAIPUR, JAIPUR
In the result, the Appeals of the appellant stands allowed with no orders as to costs
ITA 1022/JPR/2024[2010-11]Status: DisposedITAT Jaipur25 Sept 2024AY 2010-11
Bench: SHRI SANDEEP GOSAIN (Judicial Member)
For Appellant: Shri Shrawan Kumar Gupta, AdvFor Respondent: Mrs. Monisha Choudhary, Addl. CIT-DR
Section 271Section 271DSection 271E
68—Transaction was carried out with father of assessee—Provision of s. 269SS was brought under statue to discourage assessee to justify their unaccounted money—However, in case on hand, there was no allegation that assessee had introduced unaccounted money in his business—Thus, keeping in view object of provision of s. 269SS, cash transaction which was genuine could