https://www.taxtmi.com/highlights?id=49905 Levy of Penalty - receipt and repayment of loan in cash - When the three persons who are close family members of the assessee were not having any bank account in their names, then the provisions of section 271D and 271E cannot be attracted. en-us Fri, 25 Oct 2019 15:41:10 +0530 Fri, 25 Oct 2019 15:41:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=49905 Levy of Penalty - receipt and repayment of loan in cash - When the three persons who are close family members of the assessee were not having any bank account in their names, then the provisions of section 271D and 271E cannot be attracted. Highlights Income Tax Fri, 25 Oct 2019 15:41:10 +0530 https://www.taxtmi.com/highlights?id=49905