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Income Tax - Highlights / Catch Notes

Home Highlights December 2012 Year 2012 This

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

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