Penalty u/s 271E - repayment of the loans in question in cash - ...

Tribunal Waives Penalty for Cash Loan Repayments u/s 271E Due to Reasonable Explanation of Circumstances by Assessee.

March 19, 2020

Case Laws Income Tax AT

Penalty u/s 271E - repayment of the loans in question in cash - default u/s 269SS - reasonable cause - the repayment of advances from regular parties are identifiable and the assessee has explained the circumstances in which it was constrained to make the repayment of the loans in question in cash - No penalty - AT

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Penalty u/s 271E - repayment of the loans in question in cash - ...

Tribunal Waives Penalty for Cash Loan Repayments u/s 271E Due to Reasonable Explanation of Circumstances by Assessee.

March 19, 2020

Case Laws Income Tax AT

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