Levy of penalty u/s 271D - violation of the provisions of ...

Case Laws Income Tax

October 19, 2023

Levy of penalty u/s 271D - violation of the provisions of section 269SS - cash loan received from director - transactions between appellant company and director are in the nature of current account transactions, which does not come under the purview of loan and deposit as per section 269SS of the Act. - No penalty - AT

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Levy of penalty u/s 271D - violation of the provisions of ...

Case Laws Income Tax

October 19, 2023

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