Penalty Imposed for Loan Between Spouses Overturned: Section 269SS Exemption for Husband-Wife Transactions Ignored by Officer.
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....Penalty made u/s 271D - loan transaction between husband and wife - while levying the penalty u/s. 271D AO did not appreciate the fact that the provisions of section 269SS are not applicable on the loan transaction between husband and wife.....




TaxTMI
TaxTMI