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Income Tax | ITAT Kolkata Deletes ₹4 Crore Section 271D Penalty as Alleged Cash Loans Remain Unproved

17 Oct 2026 · 1d agoBy CA Sandeep KanoiSource: TaxGuru

ITAT Kolkata upholds deletion of Section 68 loan additions, estimated labour expenses and ₹4 crore Section 271D penalty in Laser Power case. The post ITAT Kolkata Deletes ₹4 Crore Section 271D Penalty as Alleged Cash Loans Remain Unproved appeared first on TaxGuru .

Attribution

Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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