https://www.taxtmi.com/highlights?id=64049 Penalty u/s. 271D - Loan accepted in cash in contravention of section 269SS - it is clear beyond doubt that the transactions entered on the page are pertaining to the agricultural land of the assessee situated and the department has not raised any doubt about the adequacy of the land and the amount related to the said land received by the assessee. Thus, this indirect admission of the department strength the argument of the assessee. - No penalty - AT en-us Tue, 14 Jun 2022 08:29:40 +0530 Tue, 14 Jun 2022 08:29:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64049 Penalty u/s. 271D - Loan accepted in cash in contravention of section 269SS - it is clear beyond doubt that the transactions entered on the page are pertaining to the agricultural land of the assessee situated and the department has not raised any doubt about the adequacy of the land and the amount related to the said land received by the assessee. Thus, this indirect admission of the department strength the argument of the assessee. - No penalty - AT Highlights Income Tax Tue, 14 Jun 2022 08:29:40 +0530 https://www.taxtmi.com/highlights?id=64049