TMI BlogPenalty under Section 271D - violation of provisions of Section 269SS - the funds were urgently required...Penalty under Section 271D - violation of provisions of Section 269SS - the funds were urgently required for conversion of the property, a loan was taken from the Samajwadi Party, which was deposited in her account and, subsequently, the loan was paid back to the Samajwadi Party - as the genuineness of the transaction has not been disputed by the AO - No penalty - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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