Penalty u/s 271D unjustified when bank refused loan and cash was obtained for meeting urgent business expenses as it was…
Penalty u/s 271D was absurd when assessee himself was karta of HUF from where he obtained cash loan-ITAT deleted penalty…
No penalty u/s 271D can be levied when cash loans were treated as undisclosed income of the assessee u/s 68…
Acceptance of loans by passing journal entries in books of accounts not in violation of section 269SS hence no penalty u/s 271D imposable – SC dismisses…
No penalty u/s 271D for cash loans taken to meet financial liabilities of a closed business as it constituted a…
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 u/s 271D when claim of cash imprest was sham and facile. The cash was itilised for making fixed deposits…
Partners capital not loan or deposit within the meaning of section 269SS – ITAT confirms deletion of penalty u/s 271D…
No Violation us 269SS-loan accepted passing journal entries. When the loan is accepted by acknowledgement of debt by passing journal…