https://www.taxtmi.com/highlights?id=64459 Penalty u/s 271 D - default u/s 269SS - Assessee had accepted the loans in cash - as pe assessee both the entities from whom the cash loan was taken were partnership firms in which the Directors of the Assessee had controlling stake and other partners of the firms were family members and relatives of the Directors of the Assessee-Company - genuineness of the loan transactions were not in doubt - No penalty - HC en-us Wed, 06 Jul 2022 12:07:38 +0530 Wed, 06 Jul 2022 12:07:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64459 Penalty u/s 271 D - default u/s 269SS - Assessee had accepted the loans in cash - as pe assessee both the entities from whom the cash loan was taken were partnership firms in which the Directors of the Assessee had controlling stake and other partners of the firms were family members and relatives of the Directors of the Assessee-Company - genuineness of the loan transactions were not in doubt - No penalty - HC Highlights Income Tax Wed, 06 Jul 2022 12:07:38 +0530 https://www.taxtmi.com/highlights?id=64459