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Section 271E

Latest Articles


Rationalization of Time limits to Impose Income Tax Penalties

Income Tax : Simplified penalty timelines under Section 275 effective April 2025, including changes in penalty powers, omissions, and clarifica...

March 5, 2025 846 Views 0 comment Print

Proposed Amendments to Penalty Provisions in Income Tax Act

Income Tax : Income Tax Act amendments propose penalties by Assessing Officers instead of Joint Commissioners. Omission of section 271BB and ch...

February 3, 2025 1176 Views 0 comment Print

Penalties and Prosecutions Under Income tax Act, 1961

Income Tax : Discover penalties and prosecutions under the Income Tax Act, 1961, including default conditions, quantum of penalties, and potent...

September 6, 2024 514734 Views 4 comments Print

ITAT Upholds Penalty for Loan Repayment in Cash Despite Poor Cheque Clearance History

Income Tax : ITAT upholds penalty against taxpayer for cash repayment of loans, contravening Section 269T of Income-tax Act. Explore implicatio...

March 14, 2024 999 Views 0 comment Print

Legitimacy of repayments through Journal Entries – Whether liable to penalty?

Income Tax : Explore the impact of Income Tax Sections 269SS, 269ST, 269SU, and 269T on transactions via Journal/Book Entries. Learn about legi...

February 27, 2024 8088 Views 0 comment Print


Latest Judiciary


Delay in filing of an appeal condoned due to reasonable cause shown: ITAT Pune

Income Tax : ITAT Pune held that delay in filing of an appeal before CIT(A) condoned due to company’s financial position and non-pursuing of ...

May 5, 2025 111 Views 0 comment Print

No Section 271D Penalty on Family Cash Loans: ITAT Bangalore

Income Tax : ITAT Bangalore cancels ₹2.20 lakh penalty on Rajiv Duseja for cash loans from family. Cites precedents on genuine transactions &...

April 22, 2025 8505 Views 0 comment Print

Section 148 Reassessment notice invalid if issued by an AO lacking Jurisdiction

Income Tax : ITAT Jaipur sets aside addition and penalty against Mukesh Kumar Agarwal due to lack of valid jurisdiction and time-barred penalty...

April 17, 2025 5946 Views 0 comment Print

Cash transaction between sister concerns: ITAT Kolkata Deletes Section 271E Penalty

Income Tax : ITAT Kolkata removes ₹1 crore penalty under Sec 271E, ruling cash transaction between sister concerns as reimbursement, not loan...

April 12, 2025 582 Views 0 comment Print

ITAT Jaipur Set Aside Penalty Under 271E for Lack of Recorded Satisfaction

Income Tax : ITAT Jaipur quashes penalty under Section 271E of the Income Tax Act in Anil Sharma vs. ITO due to absent recorded satisfaction....

April 10, 2025 480 Views 0 comment Print


Latest Notifications


Limitation for penalty proceedings U/s. 271D & 271E

Income Tax : It is a settled position that period of limitation of penalty proceedings under section 271D and 271E of the Act is governed by th...

April 26, 2016 7405 Views 0 comment Print

Limitation commencement for penalty proceedings U/s. 271D &271E

Income Tax : It has been brought to notice of CBDT that there are conflicting interpretations of various High Courts on the issue whether the l...

April 26, 2016 2839 Views 0 comment Print


Latest Posts in Section 271E

Delay in filing of an appeal condoned due to reasonable cause shown: ITAT Pune

May 5, 2025 111 Views 0 comment Print

ITAT Pune held that delay in filing of an appeal before CIT(A) condoned due to company’s financial position and non-pursuing of appeals by tax consultant. Accordingly, matter remitted to file of CIT(A) for denovo adjudication.

No Section 271D Penalty on Family Cash Loans: ITAT Bangalore

April 22, 2025 8505 Views 0 comment Print

ITAT Bangalore cancels ₹2.20 lakh penalty on Rajiv Duseja for cash loans from family. Cites precedents on genuine transactions & reasonable cause.

Section 148 Reassessment notice invalid if issued by an AO lacking Jurisdiction

April 17, 2025 5946 Views 0 comment Print

ITAT Jaipur sets aside addition and penalty against Mukesh Kumar Agarwal due to lack of valid jurisdiction and time-barred penalty order.

Cash transaction between sister concerns: ITAT Kolkata Deletes Section 271E Penalty

April 12, 2025 582 Views 0 comment Print

ITAT Kolkata removes ₹1 crore penalty under Sec 271E, ruling cash transaction between sister concerns as reimbursement, not loan repayment.

ITAT Jaipur Set Aside Penalty Under 271E for Lack of Recorded Satisfaction

April 10, 2025 480 Views 0 comment Print

ITAT Jaipur quashes penalty under Section 271E of the Income Tax Act in Anil Sharma vs. ITO due to absent recorded satisfaction.

Initiation of penalty proceedings u/s. 271DA justified as delay was not unreasonable: Delhi HC

March 25, 2025 231 Views 0 comment Print

Delhi High Court held that imposition of penalty under section 271DA of the Income Tax Act is justifiable since there is no inordinately and inexplicably delay in initiation of penalty proceedings. Accordingly, writ dismissed.

Section 272A(2)(e) Penalty order quashed as not passed within reasonable time: ITAT Bangalore

March 18, 2025 339 Views 0 comment Print

ITAT Bangalore held that penalty order under section 272A(2)(e) of the Income Tax Act has to be passed within reasonable time. Since, the penalty order is not passed within reasonable time, the same is liable to be quashed.

No Section 271E penalty for Violating Section 269SS & 269T Due to Reasonable Cause

March 12, 2025 3228 Views 0 comment Print

Assessee contended that there was no violation of provisions of sec.269T since the security deposits were obtained through banking channels and were only adjusted towards the outstanding dues.

Penalty u/s. 271D deleted as cash payment made at one go before sub-registrar: ITAT Amritsar

March 10, 2025 12039 Views 0 comment Print

ITAT Amritsar held that there is no violation of provisions of section 269SS of the Income Tax Act when cash payment was made at one go before sub-registrar at the time of registration of sale deed. Accordingly, penalty under section 271D deleted.

Rationalization of Time limits to Impose Income Tax Penalties

March 5, 2025 846 Views 0 comment Print

Simplified penalty timelines under Section 275 effective April 2025, including changes in penalty powers, omissions, and clarifications on Section 271AAB.

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