Penalty u/s. 271D - contravention of provision of Section 269SS ...

No Penalty Imposed for Genuine Loan Transactions via Cheques u/s 271D Despite Section 269SS Contravention.

August 11, 2017

Case Laws Income Tax AT

Penalty u/s. 271D - contravention of provision of Section 269SS - reasonable cause for not accepting loans by way of account payee cheque or demand draft - These loans are genuine transaction which were accepted by way of cheques by its sister concern - No penalty

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Penalty u/s. 271D - contravention of provision of Section 269SS ...

No Penalty Imposed for Genuine Loan Transactions via Cheques u/s 271D Despite Section 269SS Contravention.

August 11, 2017

Case Laws Income Tax AT

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