https://www.taxtmi.com/caselaws?id=442810 The Tribunal upheld penalties imposed by the JCIT under section 271E of the Income Tax Act for repayment of loans in cash, finding the assessee failed to comply with section 269T and lacked reasonable cause for non-compliance for assessment years 2012-13, 2013-14, and 2015-16. The penalties for the respective years were upheld, totaling Rs. 15,82,407/- and Rs. 22,96,476/-. The Tribunal dismissed all appeals, affirming the penalties imposed by the JCIT. en-us Wed, 06 Sep 2023 00:00:00 +0530 Mon, 11 Sep 2023 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442810 The Tribunal upheld penalties imposed by the JCIT under section 271E of the Income Tax Act for repayment of loans in cash, finding the assessee failed to comply with section 269T and lacked reasonable cause for non-compliance for assessment years 2012-13, 2013-14, and 2015-16. The penalties for the respective years were upheld, totaling Rs. 15,82,407/- and Rs. 22,96,476/-. The Tribunal dismissed all appeals, affirming the penalties imposed by the JCIT. Case-Laws Income Tax Wed, 06 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442810