2018 (5) TMI 1029

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..... ed [2017 (11) TMI 202 - KERALA HIGH COURT] HC has held a reading of Section 271D shows that a person who is liable to pay penalty thereunder shall be liable to pay, by way of penalty, a sum equal to the amount of the loan or deposit or specified sum so taken or accepted, in contravention of Section 269SS. Similarly, u/s 271E also, the penalty provided is a sum equal to the amount of loan or dep .....

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