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    <title>No Penalty Imposed for Genuine Loan Transactions via Cheques u/s 271D Despite Section 269SS Contravention.</title>
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    <description>Penalty u/s. 271D - contravention of provision of Section 269SS - reasonable cause for not accepting loans by way of account payee cheque or demand draft - These loans are genuine transaction which were accepted by way of cheques by its sister concern - No penalty</description>
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      <description>Penalty u/s. 271D - contravention of provision of Section 269SS - reasonable cause for not accepting loans by way of account payee cheque or demand draft - These loans are genuine transaction which were accepted by way of cheques by its sister concern - No penalty</description>
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