Court Rules No Penalty for Non-Compliant Advances; Not Considered Loans or Deposits u/ss 269SS, 269T. https://www.taxtmi.com/highlights?id=17262 Advances not submitted as per section 269SS and 269T of the Act - Penalty u/s 271E of the Act – No penalty being advances in not in the nature of loan or deposit - HC en-us Fri, 14 Feb 2014 13:55:11 +0530 Fri, 14 Feb 2014 13:55:11 +0530 TaxTMI RSS Generator Court Rules No Penalty for Non-Compliant Advances; Not Considered Loans or Deposits u/ss 269SS, 269T. https://www.taxtmi.com/highlights?id=17262 Advances not submitted as per section 269SS and 269T of the Act - Penalty u/s 271E of the Act – No penalty being advances in not in the nature of loan or deposit - HC Highlights Income Tax Fri, 14 Feb 2014 13:55:11 +0530 https://www.taxtmi.com/highlights?id=17262