Whether repayment of loan in case attracts penalty u/s 271E of IT Act 1961


Last updated: 21 December 2022

Court :
ITAT Kolkata

Brief :
Whether the repayment of loan in cash in contravention of the provisions of section 269T of the Income Tax Act 1961 will attracts Penalty u/s 271E of the Income Tax Act, 1961?"

Citation :
AUTO FUEL CENTRE Vs. JCIT

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