https://www.taxtmi.com/highlights?id=60303 Penalty u/s 271D and penalty u/s 271E - Assessee for taking loan in cash and repaying the loan in cash - the moneys in question were received and repaid for personal transaction and there is no material to come to the conclusion that these were in relation to any business transactions - acceptance and repayment of cash for personal purpose between near relatives do not attract the provisions of sec.269AA and 269T. - AT en-us Fri, 29 Oct 2021 08:40:29 +0530 Fri, 29 Oct 2021 08:40:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60303 Penalty u/s 271D and penalty u/s 271E - Assessee for taking loan in cash and repaying the loan in cash - the moneys in question were received and repaid for personal transaction and there is no material to come to the conclusion that these were in relation to any business transactions - acceptance and repayment of cash for personal purpose between near relatives do not attract the provisions of sec.269AA and 269T. - AT Highlights Income Tax Fri, 29 Oct 2021 08:40:29 +0530 https://www.taxtmi.com/highlights?id=60303