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Income Tax - Highlights / Catch Notes

Home Highlights January 2020 Year 2020 This

Penalty u/s 271E - violation of provisions of section 269T - ...


Penalty for Cash Loan Transactions Between Spouses u/s 271E Overturned; No Penalty for Close Relatives.

January 22, 2020

Case Laws     Income Tax     AT

Penalty u/s 271E - violation of provisions of section 269T - Cash loan between relatives - Since the transactions have been entered between assessee and her husband, the same cannot be subject matter of penalty

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