TMI BlogLevy of penalty u/s 271D - loan in cash was taken from near relatives - the transaction in the instant...Levy of penalty u/s 271D - loan in cash was taken from near relatives - the transaction in the instant case is between the assessee and her maternal uncle and aunt and there is nothing on record to show that the transaction lacks bona fides - no penalty. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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