https://www.taxtmi.com/highlights?id=32397 The assessee had taken the loan less than ₹ 20,000/- from his close relatives and family members Further the assessee immediately deposited the amount in bank account for making payment to the party. The genuineness of these deposits was never doubted by the AO - No penalty u/s 271D - AT en-us Fri, 09 Dec 2016 13:22:01 +0530 Fri, 09 Dec 2016 13:22:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=32397 The assessee had taken the loan less than ₹ 20,000/- from his close relatives and family members Further the assessee immediately deposited the amount in bank account for making payment to the party. The genuineness of these deposits was never doubted by the AO - No penalty u/s 271D - AT Highlights Income Tax Fri, 09 Dec 2016 13:22:01 +0530 https://www.taxtmi.com/highlights?id=32397