VittSphere ONE Calculators Blog CA Prabhakar Kumar · FCA · ICAI 560762
Case lawITAT › Prashanth Fertility Research Centre Pvt Ltd v JCIT
ITATHelps taxpayerValidity unconfirmeds.271DAs.269ST

Prashanth Fertility Research Centre Pvt Ltd v JCIT

My client is charged under s.271DA. Can I rely on s.273B reasonable cause?

My client is charged under s.271DA. Can I rely on s.273B reasonable cause?

No — s.271DA is not one of the sections listed in s.273B. The defence to a s.271DA penalty is the proviso to s.271DA(1) itself, which excuses the contravention where the person proves that there were good and sufficient reasons for it. In this case a hospital that took cash above Rs 2,00,000 from foreign patients who had no banking or card facilities in India succeeded under that proviso, the Tribunal noting that the transactions were genuine, none was outside the books, and the contravention was a very small fraction of turnover.

Decided by the ITAT (V. Durga Rao, Judicial Member and Manoj Kumar Aggarwal, Accountant Member) on 2023-05-17, reported as I.T.A. No.389/Chny/2022; Assessment Year 2018-19; Income Tax Appellate Tribunal, Chennai 'C' Bench. It bears on section 271DA, section 269ST of the Income Tax Act 1961, in Cash Transaction Limits, Penalty and How Tax Law Is Read matters.

Validity check could not be completed. Validity check could not be completed. I did not locate any later decision considering this order and did not check whether the Revenue appealed. The proposition that s.271DA is not covered by s.273B is a reading of the two sections, not a holding of this Tribunal — the Tribunal applied the proviso without deciding the point, and used the phrase 'reasonable cause' loosely in the same paragraph.

Why it matters

Practitioners habitually plead s.273B against every penalty in Chapter XXI. Section 273B lists s.271D and s.271E but not s.271DA and not s.271DB — those two carry their own provisos in identical language, 'good and sufficient reasons'. The distinction is worth getting right in the reply itself, because a reply framed on s.273B invites the answer that the section does not apply. The substance of the two tests is close, and this Tribunal itself slipped into calling it 'reasonable cause' in the same paragraph in which it applied the proviso, but the pleading should be correct. The facts also show what actually works: an identified counterparty who could not use banking channels, receipts fully recorded in the books, and a de minimis proportion of turnover.

Binding on the AO and CIT(A) within the Tribunal's jurisdiction. Persuasive elsewhere.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

Read aloud by your device. Press again to stop.

Related

Other authorities on the same sections.