Penalty u/s 271D - urgency and compulsion to take loan in cash - ...

Penalty Confirmed for Violating Section 269SS: Cash Loans Accepted Instead of Using Banking Channels as Required by Law.

April 17, 2020

Case Laws Income Tax AT

Penalty u/s 271D - urgency and compulsion to take loan in cash - default u/s 269SS - o justification for accepting loans in cash even through banking channels were available and also utilized by these two lenders - Levy of penalty confirmed - AT

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Penalty u/s 271D - urgency and compulsion to take loan in cash - ...

Penalty Confirmed for Violating Section 269SS: Cash Loans Accepted Instead of Using Banking Channels as Required by Law.

April 17, 2020

Case Laws Income Tax AT

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