TMI BlogNo Penalty Imposed u/s 271D Due to Lack of Loan or Advance as Required by Section 269SS.Penalty u/s 271D - receipt in cash being undisclosed income - Loan or advance is a sine qua non or foundational fact for the applicability of the provisions of Section 269SS - No penalty. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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