https://www.taxtmi.com/highlights?id=61043 Penalty Levy u/s 271D - assessee has received unsecured loan in cash in contravention of the provisions contained u/s 269SS - When source of the cash receipt is not in dispute and transaction between the Director of the company and his father has also not been disputed by Revenue and it has not prejudiced the interest of the Revenue in any manner as no tax avoidance and tax evasion has been alleged or proved - AT en-us Tue, 21 Dec 2021 14:52:34 +0530 Tue, 21 Dec 2021 14:52:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61043 Penalty Levy u/s 271D - assessee has received unsecured loan in cash in contravention of the provisions contained u/s 269SS - When source of the cash receipt is not in dispute and transaction between the Director of the company and his father has also not been disputed by Revenue and it has not prejudiced the interest of the Revenue in any manner as no tax avoidance and tax evasion has been alleged or proved - AT Highlights Income Tax Tue, 21 Dec 2021 14:52:34 +0530 https://www.taxtmi.com/highlights?id=61043