No Section 271D Penalty for Loans Through Banking Channels: ITAT Ahmedabad

Vijayaben Gokalbhai Zalavadia Vs JCIT (ITAT Ahmedabad)

Introduction: The Income Tax Appellate Tribunal (ITAT) in Ahmedabad recently delivered a significant verdict in the case of Vijayaben Gokalbhai Zalavadia vs. JCIT (ITAT Ahmedabad). The case involved the imposition of a penalty under Section 271D of the Income Tax Act for loan transactions. In this article, we’ll explore the details of the case, the arguments presented, and the ITAT’s decision.

Detai

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