Liability of company paid by Director in cash is cash loan u/s 269SS liable to Penalty u/s 271D of the…
Advance taken in cash against sale not loan or deposit u/s 269SS hence no penalty us/ 271D is leviable on…
Cash loan from wife due to business expediency. Penalty u/s 271D deleted as the business was carried on in the…
Penalty u/s 271E deleted in the absence of proof /receipt acknowledging the repayment of loan in cash by the assessee.…
Penalty u/s 271D for taking cash loan from father and paternal aunt deleted following various decisions of High Courts and…
Penalty u/s 271D deleted as cash loan was repaid by cheque. Reasons accepted in quantum proceedings should have been accepted…
Penalty u/s 271D-Cash received to get a good bank balance certificate for visa of the daughter constituted a reasonable cause…
Penalty u/s 271D deleted for cash loan from father mother and brothers as loan was from close family relations and…
Penalty u/s 271E for repayment of loan in cash was deleted as the NBFC had insisted on cash payment due…
Penalty u/s 271D unjustified when bank refused loan and cash was obtained for meeting urgent business expenses as it was…