Tag Archives: cash loan

No Penalty for Cash loan from parents and brother for purchasing House : ITAT

By | May 21, 2019

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. Penalty for Cash loan from parents and brother for… Read More »