Penalty u/s 271D - accepting the loans/ deposits or aggregate of ...
Assessee Penalized for Violating Section 269SS by Accepting Loans of Rs. 20,000+; Penalty u/s 271D Upheld.
December 10, 2012
Case Laws Income Tax AT
Penalty u/s 271D - accepting the loans/ deposits or aggregate of such loans or deposits of Rs. 20,000 or more - As such the assessee committed violation of provisions of section 269SS of the Act. - penalty u/s. 271D rightly imposed - AT
View Source