Recent Income tax case law

" the repayment of deposit in the manner prescribed u/s 269T of I.T.Act is mandatory. Therefore, where a loan or deposit has been repaid by debiting the account through journal entries, it must be held that assessee has contravened the provisions of section 269T. Hence the provisions of penalty u/s 271E would be attracted unless case of assessee falls u/s 273B."---345 ITR 270 Bom.