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Section 271E Penalty Fails When Entity No Longer Exists
Case Law Details
- Case Name
- Nilons Enterprises Pvt. Ltd. Vs JCIT (ITAT Pune)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2016-17
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Nilons Enterprises Pvt. Ltd. Vs JCIT (ITAT Pune)
Penalty on a Ghost Company Quashed: ITAT Pune Strikes Down 271E Order Post-Merger
In Nilons Enterprises Pvt. Ltd. vs. JCIT (ITA No.1267/PUN/2025, AY 2016-17; order dated 29-12-2025), the Pune Bench “A” of the ITAT quashed a penalty of ₹34.28 lakh levied u/s 271E on a non-existent amalgamating company. The penalty was imposed for alleged violation of section 269T on the ground that loans/deposits were repaid in cash and through journal entries.
The facts revealed that Sanghavi Foods Pvt. Ltd. had amalgamated with Nilons Enterprises Pvt. Ltd...
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