Without any material to substantiate that assessee has not committed any violation of section 269SS of the Act, Penalty U/s 271D cannot be deleted
Section 269SS bars the loans acceptance in cash for an amount exceeding Rs. 20,000/-. Violation attracts ...
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Posts tagged "section 269SS"
Whether penalty imposed u/s 271D is rightly upheld where assessee is unable to establish that provisions of Section 269SS were not contravened – YES: ITAT
Whether penalty imposed u/s 271D is rightly upheld where assessee is unable to establish that provisions of Section 269SS were not contravened - YES: ITAT
- Assessee's appeal dismissed: AHMEDABAD ITAT
THE CIT has passed order u/s. 271D of the Act ...
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Acceptance and repayment of cash for personal purpose between near relatives and penalty under section 271D & 271E
Acceptance and repayment of cash for personal purpose between near relatives and penalty under section 271D & 271E
Short Overview Acceptance and repayment of cash for personal purpose between near relatives did not not attract sections 269SS and 269T and, ...
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