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Case Law Details

Case Name : Bookmywish E Commerce Pvt. Ltd. Vs Addl. CIT (ITAT Ahmedabad)
Related Assessment Year : 2014-15
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Bookmywish E Commerce Pvt. Ltd. Vs Addl. CIT (ITAT Ahmedabad)

Introduction: In the case of Bookmywish E Commerce Pvt. Ltd. vs. Addl. CIT, the company faces penalties under Section 271D of the Income Tax Act for accepting cash loans from directors. The dispute revolves around the alleged violation of Section 269SS. We delve into the details to understand the legal nuances and consequences.

Detailed Analysis: The Additional CIT imposed a penalty of Rs. 4 lak

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