The Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently held that cash loan from the wife for the purchase of the house which is for the benefit of the whole family cannot be a ground for imposing the penalty under section 271D of the Income Tax Act. Assessee an individual has received a […]
The post Cash Loan from Wife for purchase of House for the benefit of Family won’t attract Penalty u/s 271D: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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