https://www.taxtmi.com/highlights?id=49447 Penalty u/s 271D - assessee has accepted cash amounts from his father - on cancellation of land deal, in the hands of father, the amount was returned to the assessee and such transaction cannot be tagged as loan or advance in contravention of section 69SS - No penalty. en-us Wed, 25 Sep 2019 07:50:17 +0530 Wed, 25 Sep 2019 07:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=49447 Penalty u/s 271D - assessee has accepted cash amounts from his father - on cancellation of land deal, in the hands of father, the amount was returned to the assessee and such transaction cannot be tagged as loan or advance in contravention of section 69SS - No penalty. Highlights Income Tax Wed, 25 Sep 2019 07:50:17 +0530 https://www.taxtmi.com/highlights?id=49447