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Income Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Levy of penalty u/s 271E - loan given in cash - assessee had ...


No Penalty u/s 271E for Cash Loan Used for Father's Medical Treatment Due to Humanitarian Grounds.

October 20, 2018

Case Laws     Income Tax     AT

Levy of penalty u/s 271E - loan given in cash - assessee had made the payment for medical treatment of his father in cash - The sources for meeting the medical expenses and post medical expenses have to considered on humane grounds and as per the requirements of the patients to save the lives - No penalty.

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