No Penalty u/s 271D for Loans via Account Payee Cheques: ITAT

DCIT Vs Sanjaykumar Haribhai Patel (ITAT Ahmedabad)

Introduction: The Income Tax Appellate Tribunal (ITAT) in Ahmedabad recently ruled on an important matter concerning the  imposition of penalty under section 271D of the Income Tax Act, 1961. The case revolved

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