![Borrower receiving Loan in Cash liable for Dishonour of Cheque even if Loan Amount Beyond Limit for Cash Transactions under Income Tax Act: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Bombay-High-Court-Cash-loan-Income-Tax-Borrower-liability-in-cash-transactions-Limit-for-cash-transaction-Cash-Transactions-taxscan.jpg "Borrower receiving Loan in Cash liable for Dishonour of Cheque even if Loan Amount Beyond Limit for Cash Transactions under Income Tax Act: Bombay HC [Read Order]")
Borrower receiving Loan in Cash liable for Dishonour of Cheque even if Loan Amount Beyond Limit for Cash Transactions under Income Tax Act: Bombay HC [Read Order]
In a recent ruling the Bombay High Court observed that the borrower receiving loan in cash liable for dishonour of cheque even if loan amount beyond...
![Waiver of Cash Loan by Holding Company Not Taxable as Business Income u/s 28(iv) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Waiver-Cash-Loan-Holding-Company-Taxable-Business-Income-Income-Income-Tax-Act-Income-Tax-ITAT-Taxscan.jpg "Waiver of Cash Loan by Holding Company Not Taxable as Business Income u/s 28(iv) of Income Tax Act: ITAT [Read Order]")
![Company couldn’t Prove that Cash Loan was taken for Urgent Disbursal of Salary: ITAT Upholds Penalty u/s 271D [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Company-Cash-Loan-Urgent-Salary-ITAT-Penalty-TAXSCAN.jpg "Company couldn’t Prove that Cash Loan was taken for Urgent Disbursal of Salary: ITAT Upholds Penalty u/s 271D [Read Order]")
![Cash Loan u/s 269SS given by Executive Directors to meet urgent Financial needs of Company: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Cash-Loan-Executive-Directors-Company-ITAT-Penalty-taxscan.jpg "Cash Loan u/s 269SS given by Executive Directors to meet urgent Financial needs of Company: ITAT deletes Penalty [Read Order]")
Loan received represents Unexplained Cash Loan Credit Books of Accounts: ITAT deletes Addition of Rs 1 Crore [Read Order]
The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench deleted addition of Rupees One Crore as Loan received represents unexplained cash loan credit books of accounts. The only issue raised by...
![Loan received represents Unexplained Cash Loan Credit Books of Accounts: ITAT deletes Addition of Rs 1 Crore [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Cash-Loan-Books-of-Accounts-ITAT-taxscan.jpeg "Loan received represents Unexplained Cash Loan Credit Books of Accounts: ITAT deletes Addition of Rs 1 Crore [Read Order]")
Cash Loan between Agriculturists will not attract S. 269SS of Income Tax Act: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the cash loan between agriculturalists will not attract the provisions of section 269SS of the Income Tax Act, 1961 and therefore,...
![Cash Loan between Agriculturists will not attract S. 269SS of Income Tax Act: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Cash-Loan-Agriculturists-Income-Tax-Act-ITAT-Penalty-taxscan.jpeg "Cash Loan between Agriculturists will not attract S. 269SS of Income Tax Act: ITAT deletes Penalty [Read Order]")
Cash Loan from Father’s Proprietary Concern does not attract S. 269SS and Penalty: ITAT [Read Order]
The Rajkot bench of the Income Tax Appellate Tribunal (ITAT) consisting of Shri Waseem Ahmed (Accountant Member) and Shri Siddhartha Nautiyal (Judicial Member) has held that the cash loan accepted...
![Cash Loan from Father’s Proprietary Concern does not attract S. 269SS and Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Cash-Loan-Penalty-ITAT-taxscan.jpg "Cash Loan from Father’s Proprietary Concern does not attract S. 269SS and Penalty: ITAT [Read Order]")
No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the penalty under sections 271D and 271E of the Income Tax Act, 1961 cannot be leviable on receipt of cash loan from family members...
![No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Penalty-Cash-Loan-Family-Members-Business-Exigency-ITAT-Taxscan.jpeg "No Penalty on Receiving Cash Loan from Family Members to Meet Business Exigency: ITAT [Read Order]")
Cash Loan from Parents and Brother for purchasing House for whole Family do not attract Penalty: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) 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 cannot...
![Cash Loan from Parents and Brother for purchasing House for whole Family do not attract Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/05/Cash-Loan-ITAT-Taxscan.jpg "Cash Loan from Parents and Brother for purchasing House for whole Family do not attract Penalty: ITAT [Read Order]")
Cash Loan from Wife for purchase of House for the benefit of Family won’t attract Penalty u/s 271D: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently held that cash loan from the wife for the purchase of the house which is for the benefit of the whole family cannot be a ground for...
![Cash Loan from Wife for purchase of House for the benefit of Family won’t attract Penalty u/s 271D: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/06/Cash-Loan-Payments.jpg "Cash Loan from Wife for purchase of House for the benefit of Family won’t attract Penalty u/s 271D: ITAT [Read Order]")