Penalty u/s 271D - Penalty can be levied on the amounts of loan ...
Case Laws Income Tax
May 9, 2016
Penalty u/s 271D - Penalty can be levied on the amounts of loan which exceeds the amount of ₹ 20,000/-. Therefore, the A.O. is directed to exclude ₹ 20,000/- as permissible u/s 269SS, while levying penalty u/s 271D - AT
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