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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Penalty u/s 271D for violation of Section 269SS - ITAT deleted ...


High Court upholds ITAT decision to remove penalty u/s 271D for genuine loan transaction from father-in-law.

February 10, 2013

Case Laws     Income Tax     HC

Penalty u/s 271D for violation of Section 269SS - ITAT deleted the penalty as assessee had taken the loan only from her father-in-law and the transaction was genuine - order of ITAT confirmed. - HC

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