Applicability of penalty u/s. section 269T of IT Act, 1961, when payment was made in cash but not exceeded Rs.20,000/- on a single day
Nov 24, 2009 Income Tax Case Laws
SUMMARY OF CASE LAW
Merely because the amount of Rs. 2 lakhs has been repaid in part not exceeding Rs.20,000/- on a single day would not absolve the assessee from rigour of section 269T; the loan or deposit, for the purpose of section 269T, includes loan or deposit of any nature.
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Tags: case law, cheque, krishan, money, perusal, provisions, ram kumar, relevant paragraph, rigour, single day
E-COMMUNICATION – A Serious Thing
Sep 17, 2009 General Info
CS. Monika Bhardwaj, B.Com (Hons.), ACS, LL.B (I), Gurgaon
This article aims to highlight that communications done through electronic mode are now recognized by Indian Law and hold true as an ‘evidence’ as well as ‘contractual liability’.
Internet and electronic communications has now become an integral part of our day to day life, from SMS to emails to chats to blogging, you just cannot imagine a single day without communicating through electronics. The young generation today is just crazy of this ‘tool’ and why not, since it gives us faster way to communicate things and this is not just true for youngsters but for we professionals too and for that matter, everybody. Internet has become such a necessary ingredient in our lives and we all have become addict to it to such an extent that it would not be unrealistic to say for today’s generation“Eat Internet, Think Internet and Sleep Internet”.
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Tags: chat history, communication methods, contractual liability, electronic communications, electronic mode, history web, information technology act, legal recognition, Monika Bhardwaj, necessary ingredient, popularity of the internet, single day, teleconferencing, text sms, video conferencing, voicemail, young generation