https://www.taxtmi.com/highlights?id=44860 Levy of penalty u/s. 271E - violation of provisions of Section 269T - If identity of person is proved and genuineness of payment is not doubted by the AO then ontentions of assessee of ‘bonafide belief’ for repayment of loans in cash is acceptable and the penalty u/s. 271E is not leviable. en-us Sat, 02 Mar 2019 13:48:13 +0530 Sat, 02 Mar 2019 13:48:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=44860 Levy of penalty u/s. 271E - violation of provisions of Section 269T - If identity of person is proved and genuineness of payment is not doubted by the AO then ontentions of assessee of ‘bonafide belief’ for repayment of loans in cash is acceptable and the penalty u/s. 271E is not leviable. Highlights Income Tax Sat, 02 Mar 2019 13:48:13 +0530 https://www.taxtmi.com/highlights?id=44860