Penalty u/s 271D Not Applicable for Unsecured Cash Loans by Directors or Shareholders Towards Share Capital.

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....Penalty u/s. 271D - unsecured loans in the form of cash - the amount paid by the Directors / Shareholder towards share capital and unsecured loans in the form of cash does not attract the provisions of section 269SS of the Act and penalty U/s. 271D cannot be levied on the same - AT....