https://www.taxtmi.com/highlights?id=21690 Penalty under section 271D for violation of provisions of section 269SS - Amounts towards share application money during the year were some times returned to the said person and only net amount of outstanding amount at the end of the year was transferred by a journal entry. - No penalty - AT en-us Sat, 07 Feb 2015 11:22:43 +0530 Sat, 07 Feb 2015 11:22:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=21690 Penalty under section 271D for violation of provisions of section 269SS - Amounts towards share application money during the year were some times returned to the said person and only net amount of outstanding amount at the end of the year was transferred by a journal entry. - No penalty - AT Highlights Income Tax Sat, 07 Feb 2015 11:22:43 +0530 https://www.taxtmi.com/highlights?id=21690