https://www.taxtmi.com/highlights?id=35847 Imposition of penalty u/s 271D and 271E - acceptance and repayment of loans in cash - The creditors from whom the cash was received and repaid were held to be genuine and confirmation to that act was obtained from the said persons and the transactions were not made for attempting to evade tax - No penalty - HC en-us Mon, 07 Aug 2017 18:39:36 +0530 Mon, 07 Aug 2017 18:39:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=35847 Imposition of penalty u/s 271D and 271E - acceptance and repayment of loans in cash - The creditors from whom the cash was received and repaid were held to be genuine and confirmation to that act was obtained from the said persons and the transactions were not made for attempting to evade tax - No penalty - HC Highlights Income Tax Mon, 07 Aug 2017 18:39:36 +0530 https://www.taxtmi.com/highlights?id=35847