section 271E is
reproduced herein below:
Section 271E
(1) If a person repays any 1[loan or deposit] referred to in section 269T otherwise than ... section (1) shall be imposed by the
[Joint Commissioner]
Section 271E
(1) If a person repays any [loan or deposit] referred to in section 269T
penalty of Rs. 45,782 under Section 271E of the Act for contravention of Section 269T of the Act as the assessee was found ... orders made by the Dy. CIT under Section 271E of the Act on the ground that Section 269T of the Act is not applicable
assessee company for initiating the penalty
proceedings for violation of Section 269T of the Act after
noting as under:-
I.T.A. No.2866 ... Total 7575000/-
These transactions are in contravention to the provision of section
269T as the funds have been transferred from loan accounts
without any account
Central, State, or Provincial Act; (d) any Government company as defined in section 2(45) of the Companies Act, 2013; (e) any institution, association ... company, includes loan or deposit of any nature. [ Similar to Section 269T from The Income Tax Act, 1961. - Also Refer
Section 189 in The Income Tax Act, 2025
189. Interpretation. For the purposes of this Chapter, unless the context otherwise requires,— (a) "banking company" means ... whether or not the transfer takes place. [ Similar to Section 269SS , Section 269ST and Section 269T from The Income
Section 43, sub-section (4) of section 43CA, proviso to sub-section (1) of section 44AD, second proviso to sub-section (1) of section ... section (2) of section 56, clause (b) of first proviso of clause (i) of Explanation to section 80JJAA, section 269SS, section 269ST and section 269T
Section 111 in The Finance Act, 2023
111. In section 269T of the Income
transacting through bank was not met as was required
under Section 269SS and Section 269T of the IT Act by the assessee
therein, the penalty ... section 275(1)(a)
and clause (b) of sub-section (1) of section 275 is significantly missing
from clause (c) of section
under Section 271D and Section 271E ibid on the assessee for allegedly violating the provisions of Section 269SS and Section 269T of the Act. Aggrieved ... Section 276DD , (iv) Section 276E , (v) Section 271D and (vi) Section 271E . They are reproduced infra to the extent necessary:
(i) Section 269SS
No person
under section 271D and section 271E ibid on the assessee for allegedly violating the provisions of section 269SS and section 269T of the Act. Aggrieved ... section 276DD , (iv) section 276E , (v) section 271D and (vi) section 271E . They are reproduced infra to the extent necessary :
"(i) Section 269SS
