Penalty u/s 271D - receipt of cash loans exceeding ₹ ...

Director's Cash Loans Exceed Rs. 20,000, Violating Section 269SS; No Penalty u/s 271D Due to Re-deposit.

January 4, 2019

Case Laws Income Tax AT

Penalty u/s 271D - receipt of cash loans exceeding ₹ 20,000/- in contravention of section 269SS from the company by the director - the said amount has also been re-deposited as evidenced by the bank statements - No penalty.

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Penalty u/s 271D - receipt of cash loans exceeding ₹ ...

Director's Cash Loans Exceed Rs. 20,000, Violating Section 269SS; No Penalty u/s 271D Due to Re-deposit.

January 4, 2019

Case Laws Income Tax AT

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