Bombay H.C : Transactions effected through journal entries in the books of the assessee would not amount to repayment of any loan or deposit otherwise than by account payee cheque or account payee bank draft within the meaning of Section 269T to attract levy of penalty under Section 271E
High Court Of Bombay CIT, Central-IV vs. Triumph International Finance (I) Ltd. Assessment Year : 2003-04 Section : 271E, 273B […]