High Court rules personal reasons don't justify cash loan repayments, enforcing strict compliance with Section 269T of Income Tax Act.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Repayment of certain loans or deposits in cash - Section 269T – explanation of the Assessee was that the loan was repaid in cash as the father of payee was not well and the amount was required for illness is not acceptable - HC....