Penalty u/s 271E - violation of provisions of section 269T - ...
Penalty for Cash Loan Transactions Between Spouses u/s 271E Overturned; No Penalty for Close Relatives.
January 22, 2020
Case Laws Income Tax AT
Penalty u/s 271E - violation of provisions of section 269T - Cash loan between relatives - Since the transactions have been entered between assessee and her husband, the same cannot be subject matter of penalty
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