TMI BlogPenalty orders passed u/s 271D and 271E - Violation of provisions of section 269SS and 269T while...Penalty orders passed u/s 271D and 271E - Violation of provisions of section 269SS and 269T while taking/returning the loan in cash - the nature of transaction is not loan but a business advance for purchase of machinery - No penalty. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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