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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Penalty u/s 271D - default u/s 269SS - assessee has taken loan ...


Loans from Family Members Exempt from Penalty u/s 271D of the Income Tax Act.

June 8, 2019

Case Laws     Income Tax     AT

Penalty u/s 271D - default u/s 269SS - assessee has taken loan from his father and paternal aunt, who are family members and such transactions would not attract penalty u/s 271D

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