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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Penalty u/s.271D - contravention of provision of section 269SS - ...


No Penalty Imposed for Cash Transactions Among Relatives u/s 271D Due to Genuine Intent.

December 23, 2019

Case Laws     Income Tax     AT

Penalty u/s.271D - contravention of provision of section 269SS - Accepting Loan / Deposits in cash - transactions with the close relatives - Genuineness of the cash transaction has not been doubted. - No penalty.

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