https://www.taxtmi.com/highlights?id=38276 Levying the penalty u/s 271E - loan received by the assessee had been squared off by way of conversion of loan into equity - the businessman (i.e. assessee) cannot be compelled by the revenue to conduct its business as per the whims and fancies of the revenue. - AT en-us Fri, 09 Mar 2018 12:38:52 +0530 Fri, 09 Mar 2018 12:38:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=38276 Levying the penalty u/s 271E - loan received by the assessee had been squared off by way of conversion of loan into equity - the businessman (i.e. assessee) cannot be compelled by the revenue to conduct its business as per the whims and fancies of the revenue. - AT Highlights Income Tax Fri, 09 Mar 2018 12:38:52 +0530 https://www.taxtmi.com/highlights?id=38276