Penalty - Repayment of loan by any other mode except by way of...
No Penalty for Loan Repayment via Journal Entries; Reasonable Cause Accepted u/ss 271D & 271E of Income Tax Act.
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Income TaxMay 15, 2015Case LawsAT
Penalty - Repayment of loan by any other mode except by way of account payee cheque/draft in violation of section 269SS/ 269T - transfer of amount by way of Journal entries - reasonable cause shown - No penalty u/s 271D & 271E - AT