https://www.taxtmi.com/highlights?id=17609 Contravention of section 269SS – Penalty u/s 271DD – the contribution made by the respective persons was treated as a loan and the explanation that they were to be made partners later was not accepted - penalty confirmed - HC en-us Fri, 07 Mar 2014 08:42:57 +0530 Fri, 07 Mar 2014 08:42:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=17609 Contravention of section 269SS – Penalty u/s 271DD – the contribution made by the respective persons was treated as a loan and the explanation that they were to be made partners later was not accepted - penalty confirmed - HC Highlights Income Tax Fri, 07 Mar 2014 08:42:57 +0530 https://www.taxtmi.com/highlights?id=17609