Levy of penalty u/s 271D - loan in cash was taken from near ...

No Penalty for Cash Loan from Maternal Uncle and Aunt: Genuine Transaction u/s 271D.

January 9, 2019

Case Laws Income Tax HC

Levy of penalty u/s 271D - loan in cash was taken from near relatives - the transaction in the instant case is between the assessee and her maternal uncle and aunt and there is nothing on record to show that the transaction lacks bona fides - no penalty.

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Levy of penalty u/s 271D - loan in cash was taken from near ...

No Penalty for Cash Loan from Maternal Uncle and Aunt: Genuine Transaction u/s 271D.

January 9, 2019

Case Laws Income Tax HC

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