No Penalty Imposed for Company Cash Transactions with Directors Due to Business Expediency, Section 271D Not Applied.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Penalty u/s 271D - cash transactions of the assessee with the directors and share holders of the company due to business expediency. Nobody has doubted the genuineness of the transactions. - No Penalty - AT....