Penalty for Cash Loan Violations u/s 271D Not Automatic if Reasonable Explanation Given, Per Section 273B.

Penalty u/s 271D - Accepting cash loans - contravention of the provisions of section 269SS ad 269T - Penalty u/s 271D is subject to the provisions of section 273B and not automatic - when the assessee provides a reasonable explanation, the penalty is not leviable .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X