Search Results for Tag : Cash loan

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ITAT: Cash Loan from Parents and Brother for Purchasing House for Whole Family do Not Attract Penalty(21.05.2019)

ITAT Delhi has ruled that the cash loan received from the parents and brother of the Assessee for the purchase of the house for the whole family canno.....

Tags : ITAT, Cash Loan

ITAT, Delhi: No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency(18.04.2022)

Income Tax Appellate Tribunal, Delhi has observed that the penalty under sections 271D and 271E of the Income Tax Act, 1961 cannot be leviable on rece.....

Tags : Income Tax Appellate Tribunal, Cash loan, Business Exigency

Cal. HC: Interest Paid on Cash Loan Falls Within the Ambit of Unexplained Expenditure(01.09.2023)

Calcutta High Court has held that payment of interest on a cash loan falls within the ambit of unexplained expenditure within the meaning of Section 6.....

Tags : Calcutta High Court, Unexplained Expenditure, Cash Loan