Section 269T

Income Tax

ITAT Upholds Penalties for violating Sections 269SS and 269T | Biz Flow Kit
Byadmin June 13, 2026

Journal Entries Are Not a Substitute for Banking Channels: ITAT Upholds Penalties for violating Sections 269SS and 269T The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has upheld penalties imposed on M/s Manjri Horse Breeders Farm Pvt. Ltd. for violating Sections 269SS and 269T of the Income Tax Act, holding that large financial…

Read More ITAT Upholds Penalties for violating Sections 269SS and 269T | Biz Flow Kit
Income Tax

Delhi ITAT quashes Section 263 revisionary order for “inadequate enquiry” | Biz Flow Kit
Byadmin May 17, 2026

Delhi ITAT quashes Section 263 revisionary order for “inadequate enquiry” The Delhi Bench ‘B’ of the Income Tax Appellate Tribunal (ITAT) on 14 May held that revisionary powers under Section 263 of the Income-tax Act, 1961 cannot be invoked merely because the Assessing Officer failed to examine or initiate penalty proceedings relating to Section 269T…

Read More Delhi ITAT quashes Section 263 revisionary order for “inadequate enquiry” | Biz Flow Kit