#Section 271E
Log in to FollowEvery article filed under the “Section 271E” tag — analysis, news and updates.
159 articlesIncome Tax
Income Tax
No section 271E penalty if payments were genuine & duly accounted
Income Tax
Income Tax
Section 271E Penalty for contravening provisions of section 269T
Income Tax
Income Tax
No Section 271D Penalty for transactions between father & son
Income Tax
Income Tax
Levy of penalty u/s 271D and 271E in case of non-genuineness of transactions between director and assessee-company
Income Tax
Income Tax
Cash Loan- Penalty justified on failure to establish Business exigency or urgency
Income Tax
Income Tax
Penalty not leviable for cash loan taken/paid to comply re-settlement scheme of BIFR
Income Tax
Income Tax
HC upheld penalty for Cash Loan exceeding Rs. 20000 Taken & repaid
Income Tax
Income Tax
Penalty u/s. 271E cannot be levied in case of bonafide belief
Income Tax
Income Tax
No Penalty U/s. 271E on cash refund of advance from customers under Bonafide Belief
Income Tax
Income Tax
S. 271D / 271E Penalty not leviable on genuine Cash transaction of convenience
Income Tax
Income Tax
No Penalty for cash above Rs. 20000 from relatives due to Business Exigencies
Income Tax
Income Tax
S. 269SS: Cash Transactions with Sister-in-Law & Nephew not amounts to Loan
Income Tax
Income Tax
Penalty order u/s 271D & 271E would reckon from date when SCN was issued by AO
Income Tax
Income Tax
