cash loan

  • Income Tax

Liability of company paid by Director in cash is cash loan u/s 269SS liable to penalty us/ 271D

Liability of company paid by Director in cash is cash loan u/s 269SS liable to Penalty u/s 271D of the…

1 year ago
  • Income Tax

Advance taken in cash against sale not loan or deposit u/s 269SS hence no penalty us/ 271D

Advance taken in cash against sale not loan or deposit u/s 269SS hence no penalty us/ 271D is leviable on…

3 years ago
  • Income Tax

Cash loan from wife due to business expediency. Penalty 271D deleted as business was in family’s interest

Cash loan from wife due to business expediency. Penalty u/s 271D deleted as the business was carried on in the…

5 years ago
  • Income Tax

Penalty u/s 271E deleted in absence of proof /receipt acknowledging repayment of loan in cash by assessee

Penalty u/s 271E deleted in the absence of proof /receipt acknowledging the repayment of loan in cash by the assessee.…

5 years ago
  • Income Tax

Penalty u/s 271D for taking cash loan from father and paternal aunt deleted

Penalty u/s 271D for taking cash loan from father and paternal aunt deleted following various decisions of High Courts and…

5 years ago
  • Income Tax

Penalty u/s 271D deleted as cash loan was repaid by cheque

Penalty u/s 271D deleted as cash loan was repaid by cheque. Reasons accepted in quantum proceedings should have been accepted…

5 years ago
  • Income Tax

Penalty u/s 271D-Cash received to get good bank balance certificate for visa was a reasonable cause

Penalty u/s 271D-Cash received to get a good bank balance certificate for visa of the daughter constituted a reasonable cause…

5 years ago
  • Income Tax

Penalty u/s 271D deleted for cash loan from father mother and brothers

Penalty u/s 271D deleted for cash loan from father mother and brothers as loan was from close family relations and…

5 years ago
  • Income Tax

Penalty u/s 271E deleted as NBFC insisted on cash payment due to EMI payment default

Penalty u/s 271E for repayment of loan in cash was deleted as the NBFC had insisted on cash payment due…

5 years ago
  • Income Tax

Penalty u/s 271D unjustified when bank refused loan

Penalty u/s 271D unjustified when bank refused loan and cash was obtained for meeting urgent business expenses as it was…

5 years ago