https://www.taxtmi.com/highlights?id=45664 Penalty u/s 271D - The mere proof that the loans were repaid through cheques and there was no attempt to induct black money into the business, itself cannot be considered as a reasonable cause or as a compelling circumstance under which the mandate of Section 269SS can be violated -penalty upheld en-us Thu, 04 Apr 2019 07:21:18 +0530 Thu, 04 Apr 2019 07:21:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=45664 Penalty u/s 271D - The mere proof that the loans were repaid through cheques and there was no attempt to induct black money into the business, itself cannot be considered as a reasonable cause or as a compelling circumstance under which the mandate of Section 269SS can be violated -penalty upheld Highlights Income Tax Thu, 04 Apr 2019 07:21:18 +0530 https://www.taxtmi.com/highlights?id=45664