https://www.taxtmi.com/highlights?id=68455 Penalty proceedings u/s 271D - contravention of the provisions of Section 269SS - Once the AO has treated the personal expenses incurred by the Company as income of the assessee (Director), then the same amount cannot be treated as loan in violation of the provisions of Section 269SS of the Act 1961 - HC en-us Fri, 24 Feb 2023 17:44:27 +0530 Fri, 24 Feb 2023 17:44:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68455 Penalty proceedings u/s 271D - contravention of the provisions of Section 269SS - Once the AO has treated the personal expenses incurred by the Company as income of the assessee (Director), then the same amount cannot be treated as loan in violation of the provisions of Section 269SS of the Act 1961 - HC Highlights Income Tax Fri, 24 Feb 2023 17:44:27 +0530 https://www.taxtmi.com/highlights?id=68455