Penalty u/s 271D - The loans were prior to the date of becoming ...
Section 271D Penalty Contested: Loans Taken Pre-Partnership, Section 269SS Inapplicable Due to Agricultural Status.
June 13, 2013
Case Laws Income Tax HC
Penalty u/s 271D - The loans were prior to the date of becoming a partner of the assessee-firm. - Both the lender and borrower are agriculturists - section 269SS is not appliable - HC
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