Section 269T

  • 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 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

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