No penalty can be levied if AO failed to record such satisfaction in assessment order. Penalty proceedings would necessarily be…
If one proceeding is saved, other has to be quashed – interesting judgment of ITAT on reassessment and penalty proceedings.…
Penalty u/s 271E deleted when loan was paid in cash to avoid default effecting CIBIL score as signed cheque books…
No penalty u/s 271E where persons are properly identified and transactions are genuine as there can be no attempt to…
Penalty u/s 271E deleted in the absence of proof /receipt acknowledging the repayment of loan in cash by the assessee.…
Penalty u/s 271E for repayment of loan in cash was deleted as the NBFC had insisted on cash payment due…
Cash deposited in bank by friend for making DD for participating in tender was not loan or deposits u/s 269SS…
Cash loan from father to son for financial support not covered u/s 269SS. Repayment also not covered u/s 269T-Tribunal deletes…
Penalty 271E-Cash repayment of FDR by Bank for violation u/s 269T deleted The penal provisions are to curb black money…