Regarding applicability of sec 269ss and 269t

This query is : Resolved 

21 January 2012 whether sections 269ss and 269t of the income tax act applicable to near relatives i.e., between wife and husband and parents and children etc., please give me reply along with case laws if avilable

21 January 2012
Where the transaction is bonafide, mere technical violation is not enough to attract the penal provision of the said section.

Citation:- Assistant Director of Investigation Vs.
A.B.Shanti (2002) 255 ITR 258 (SC).


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