The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has ruled that the cash loan received from the parents and brother of the assessee for the purchase of the house for the whole family cannot be penalized under Section 271D of the Income Tax Act. The assessee is an individual deriving income from salary […]
The post Cash Loan from Parents and Brother for purchasing House for whole Family do not attract Penalty: ITAT appeared first on Taxscan | Simplifying Tax Laws.
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