Month: May 2019

Parents and brother’s cash loan to buy a house for the whole family does not attract the penalty: ITAT [Read Order]

Through Rasheela Basheer – May 21, 2019 1:58 p.m. The Delhi Bench of the Income Tax Appeal Tribunal (ITAT) ruled that the cash loan received from the parents and the brother of the appraised for the purchase of the house for the whole family cannot be penalized under section 271D of the Income Tax Act. […]

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