Penalty u/s 271D and 271E - If loan in cash is taken once or ...

Consistent Cash Transactions with Unlicensed Lender Violate Income Tax Act Sections 271D and 271E Penalties.

February 18, 2019

Case Laws Income Tax HC

Penalty u/s 271D and 271E - If loan in cash is taken once or twice, in exceptional exigencies, may be a ground for interference, but when the fact remains that a lender not even licensed was illegally giving loans only in cash and accepting repayment in cash cannot be a ground for condonation of regular transaction with such unauthorised lender.

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Penalty u/s 271D and 271E - If loan in cash is taken once or ...

Consistent Cash Transactions with Unlicensed Lender Violate Income Tax Act Sections 271D and 271E Penalties.

February 18, 2019

Case Laws Income Tax HC

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