No penalty u/s 271D if loans are accepted as genuine in assessment u/s 143(3) by Assessing Officer.

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....Penalty u/s. 271D r.w.s. 269SS - No penalty u/s. 271D can be levied on an assessee where the loans have been accepted in an assessment u/s. 143(3) of the Act made by the Assessing Officer as genuine.....