#Section 271E
Log in to FollowEvery article filed under the “Section 271E” tag — analysis, news and updates.
163 articlesIncome Tax
Income Tax
Penalty u/s. 271D/ 271E of the Income Tax Act not leviable in case of ‘loan given’
Income Tax
Income Tax
Penalty u/s 271E mandatory due to repayment of loan in cash in excess of Rs. 20,000
Income Tax
Income Tax
Penalty u/s 271D/ 271E deleted on basis of reasonable cause
Income Tax
Income Tax
No section 269SS & 269T if reasonable cause for accepting/repaying loan in cash
Income Tax
Income Tax
Restrictions on Cash Loans, Deposits & Advances under Income Tax
Income Tax
Income Tax
Section 271E penalty cannot be Levied in absence of Regular Assessment
Income Tax
Income Tax
Loan Received/paid in cash to meet immediate business requirements – ITAT cancels section 271D/271E penalty
Income Tax
Income Tax
ITAT deletes Section 271E penalty as assessee is deceased & authenticity of transaction cannot be vouched
Income Tax
Income Tax
No penalty for Acceptance and repayment of cash for personal purpose between near relatives
Income Tax
Income Tax
No Section 271D/271E penalty merely for Squaring off loan transaction by Journal entries
Income Tax
Income Tax
Section 271D & 271E Penalty proceedings are independent of assessment proceedings
Income Tax
Income Tax
Restrictions on Loans, Deposits & Advances- Section 269SS & 269T
Income Tax
Income Tax
Section 271E penalty cannot be imposed for Payment for purchases
Income Tax
Income Tax
