https://www.taxtmi.com/highlights?id=45390 Levy of penalty u/s 271D - violation of the mandate u/s 269SS - advances to promoter for day to day expenditure - current account of a company with its promoters, where such current account was a running one, could not be considered as loan or advances. en-us Tue, 26 Mar 2019 06:40:10 +0530 Mon, 25 Mar 2019 15:44:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=45390 Levy of penalty u/s 271D - violation of the mandate u/s 269SS - advances to promoter for day to day expenditure - current account of a company with its promoters, where such current account was a running one, could not be considered as loan or advances. Highlights Income Tax Tue, 26 Mar 2019 06:40:10 +0530 https://www.taxtmi.com/highlights?id=45390