Section 269SS, Section 269T and Section 271E
This query is : Resolved
05 March 2011
One of our client has repaid the Loan in cash. The client is based in Bangalore and the loan was to be repaid in mumbai.
To avoid delay in Clearing of outstation Cheque, our client has repaid the loan in cash. Our Assessee does not have a Bank Account in Mumbai.
The A.O. with the prior approval of the ACIT has levied penalty on the same.
Is there any way out to avoid penalty under Section 271E?
To avoid delay in Clearing of outstation Cheque, our client has repaid the loan in cash. Our Assessee does not have a Bank Account in Mumbai.
The A.O. with the prior approval of the ACIT has levied penalty on the same.
Is there any way out to avoid penalty under Section 271E?
05 March 2011
Pl try in appeal u/s 246A (1)(q) of the Income tax Act,1961.
05 March 2011
Thank you sir for your reply.
We have already filed an appeal Under Section 246A.
Any Citation / case Law would be useful.
We have already filed an appeal Under Section 246A.
Any Citation / case Law would be useful.
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