https://www.taxtmi.com/highlights?id=38550 Penalty u/s 271D - receipt of loans in cash - Once the bank deposits are treated as freight receipt or business receipt for estimating income of the assessee, the same cannot be considered as loans in violation of Section 269SS of the Act - no penalty - AT en-us Fri, 23 Mar 2018 07:26:50 +0530 Fri, 23 Mar 2018 07:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=38550 Penalty u/s 271D - receipt of loans in cash - Once the bank deposits are treated as freight receipt or business receipt for estimating income of the assessee, the same cannot be considered as loans in violation of Section 269SS of the Act - no penalty - AT Highlights Income Tax Fri, 23 Mar 2018 07:26:50 +0530 https://www.taxtmi.com/highlights?id=38550