https://www.taxtmi.com/highlights?id=72641 Levy of penalty u/s 271D - violation of the provisions of section 269SS - cash loan received from director - transactions between appellant company and director are in the nature of current account transactions, which does not come under the purview of loan and deposit as per section 269SS of the Act. - No penalty - AT en-us Thu, 19 Oct 2023 13:33:09 +0530 Thu, 19 Oct 2023 13:33:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72641 Levy of penalty u/s 271D - violation of the provisions of section 269SS - cash loan received from director - transactions between appellant company and director are in the nature of current account transactions, which does not come under the purview of loan and deposit as per section 269SS of the Act. - No penalty - AT Highlights Income Tax Thu, 19 Oct 2023 13:33:09 +0530 https://www.taxtmi.com/highlights?id=72641