Penalty Imposed for Loan Between Spouses Overturned: Section 269SS Exemption for Husband-Wife Transactions Ignored by Officer.

Penalty made u/s 271D - loan transaction between husband and wife - while levying the penalty u/s. 271D AO did not appreciate the fact that the provisions of section 269SS are not applicable on the loan transaction between husband and wife. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X