https://www.taxtmi.com/highlights?id=28125 Penalty u/s 271E - Company has directly repaid the loan taken from Director to Bank - violation of section 269T - The assessee has demonstrated that under the compulsion the payment was directly credited in the bank account of the Director. Strictly it was not paid in cash - No penalty - AT en-us Sat, 26 Mar 2016 10:22:24 +0530 Sat, 26 Mar 2016 10:22:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=28125 Penalty u/s 271E - Company has directly repaid the loan taken from Director to Bank - violation of section 269T - The assessee has demonstrated that under the compulsion the payment was directly credited in the bank account of the Director. Strictly it was not paid in cash - No penalty - AT Highlights Income Tax Sat, 26 Mar 2016 10:22:24 +0530 https://www.taxtmi.com/highlights?id=28125