Whether the penalty can be levied u/s 271D / 271E for the amount received and repaid in cash in the hands of the assessee company though as per the statement of the lender the amount was given to and repaid by the directors in their individual capacity

GROWTH AVENUES LTD. Vs JOINT COMMISSIONER OF INCOME TAX

ITAT AHMEDABAD

ITA No. 1939-1940/Ahd/2009

Assessment Year: 2003- 2004

Dated: May 19, 2011<

Please become a Premium member. If you are already a Premium member, login here to access the full content.