Penalty Imposed u/s 271D for Non-Bank Fund Sources and Unsubstantiated Agricultural Income Claims by Creditors.

Penalty Imposed u/s 271D for Non-Bank Fund Sources and Unsubstantiated Agricultural Income Claims by Creditors. https://www.taxtmi.com/highlights?id=16810 Penalty u/s 271D in respect of section 269SS - The source of funds of the creditors was not from the Bank and introduction of black money cannot be ruled out - no proof was furnished regarding earnings of agricultural income by the creditors - HC en-us Thu, 16 Jan 2014 12:54:06 +0530 Thu, 16 Jan 2014 12:54:06 +0530 TaxTMI RSS Generator Penalty Imposed u/s 271D for Non-Bank Fund Sources and Unsubstantiated Agricultural Income Claims by Creditors. https://www.taxtmi.com/highlights?id=16810 Penalty u/s 271D in respect of section 269SS - The source of funds of the creditors was not from the Bank and introduction of black money cannot be ruled out - no proof was furnished regarding earnings of agricultural income by the creditors - HC Highlights Income Tax Thu, 16 Jan 2014 12:54:06 +0530 https://www.taxtmi.com/highlights?id=16810