TMI BlogPenalty u/s 271D - cash transactions of the assessee with the directors and share holders of the company...Penalty u/s 271D - cash transactions of the assessee with the directors and share holders of the company due to business expediency. Nobody has doubted the genuineness of the transactions. - No Penalty - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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