Penalty u/s. 271D - Cash borrowing to make this urgent cash ...

No Penalty for Cash Loan: Reasonable Cause Accepted u/s 273B for Section 271D Violation.

September 27, 2019

Case Laws Income Tax AT

Penalty u/s. 271D - Cash borrowing to make this urgent cash payments appears to be reasonable. -there was reasonable cause for accepting this loan in cash and hence, in view of section 273B, no penalty - AT

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Penalty u/s. 271D - Cash borrowing to make this urgent cash ...

No Penalty for Cash Loan: Reasonable Cause Accepted u/s 273B for Section 271D Violation.

September 27, 2019

Case Laws Income Tax AT

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