Penalty u/s 271D - Taking cash loans in violation of Section ...

Assessee avoids penalty u/s 271D despite breaching Section 269SS by borrowing cash from unorganized finance sector.

January 18, 2019

Case Laws Income Tax AT

Penalty u/s 271D - Taking cash loans in violation of Section 269SS - To meet the financial requirements of repayment, for which the lenders were hard pressing, the assessee had to borrow money from unorganized finance sector in cash - No penalty.

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Penalty u/s 271D - Taking cash loans in violation of Section ...

Assessee avoids penalty u/s 271D despite breaching Section 269SS by borrowing cash from unorganized finance sector.

January 18, 2019

Case Laws Income Tax AT

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