https://www.taxtmi.com/highlights?id=24349 Penalty u/s. 271D - Payment made by the Directors to the creditors to save the company from litigation - Violation of Section 269S and 269T - Transaction is reflected in the books of accounts through Journal Entries - Where there is a reasonable cause, no penalty can be levied - AT en-us Sat, 22 Aug 2015 08:14:22 +0530 Sat, 22 Aug 2015 08:14:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=24349 Penalty u/s. 271D - Payment made by the Directors to the creditors to save the company from litigation - Violation of Section 269S and 269T - Transaction is reflected in the books of accounts through Journal Entries - Where there is a reasonable cause, no penalty can be levied - AT Highlights Income Tax Sat, 22 Aug 2015 08:14:22 +0530 https://www.taxtmi.com/highlights?id=24349