penalty u/s 271e

  • Income Tax

No penalty can be levied if AO failed to record such satisfaction in assessment order

No penalty can be levied if AO failed to record such satisfaction in assessment order. Penalty proceedings would necessarily be…

2 months ago
  • Income Tax

If one proceeding is saved, other has to be quashed – interesting judgment of ITAT

If one proceeding is saved, other has to be quashed – interesting judgment of ITAT on reassessment and penalty proceedings.…

1 year ago
  • Income Tax

Penalty u/s 271E deleted when loan was paid in cash to avoid default effecting CIBIL score

Penalty u/s 271E deleted when loan was paid in cash to avoid default effecting CIBIL score as signed cheque books…

3 years ago
  • Income Tax

No penalty u/s 271E if persons are properly identified & transactions genuine

No penalty u/s 271E where persons are properly identified and transactions are genuine as there can be no attempt to…

4 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 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

Cash deposited in bank by friend for making DD for tender was not loan or deposits u/s 269SS/269T

Cash deposited in bank by friend for making DD for participating in tender was not loan or deposits u/s 269SS…

5 years ago
  • Income Tax

Cash loan from father to son for financial support not covered u/s 269SS. Repayment also not covered u/s 269T – Tribunal

Cash loan from father to son for financial support not covered u/s 269SS. Repayment also not covered u/s 269T-Tribunal deletes…

6 years ago
  • Income Tax

Penalty 271E-Cash repayment of FDR by Bank for violation u/s 269T deleted by ITAT. The penal provisions are to curb black money and benami transactions

Penalty 271E-Cash repayment of FDR by Bank for violation u/s 269T deleted The penal provisions are to curb black money…

8 years ago