Levy of penalty u/s 271E - violation of provision of section ...
Penalty u/s 271E for Cash Loan Repayment Violation Not Justified Due to Lack of Evidence.
August 10, 2019
Case Laws Income Tax AT
Levy of penalty u/s 271E - violation of provision of section 269T - repayment of loan was made in cash - when there is nothing on record suggesting that the loan amount was repaid in cash by the assessee - imposition of penalty would not be justified
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