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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Penalty u/s 271D and u/s 271E - accepting and repayment of loan ...


Court Upholds Penalties for Violating Sections 269SS and 269T by Accepting and Repaying Loans in Cash Over Rs. 20,000.

July 25, 2015

Case Laws     Income Tax     HC

Penalty u/s 271D and u/s 271E - accepting and repayment of loan in cash in excess of ₹ 20,000/- section 269SS and section 269T - The appellant has not explained as to the urgency, compulsion or any other important circumstance for the breach and that too repeatedly - levy of penalty confirmed - HC

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