Levy of penalty u/s 271D - Cash loans from close relatives ...

Penalty for Cash Loans from Relatives Not Applicable u/s 269SS; Exempt from Section 271D Penalties.

January 7, 2019

Case Laws Income Tax AT

Levy of penalty u/s 271D - Cash loans from close relatives cannot be said to fall within the mischief of section 269SS of the Act, as near/close relatives cannot be said to be “other persons” within the meaning of section 269SS

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Levy of penalty u/s 271D - Cash loans from close relatives ...

Penalty for Cash Loans from Relatives Not Applicable u/s 269SS; Exempt from Section 271D Penalties.

January 7, 2019

Case Laws Income Tax AT

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