"
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.