Section 271D Penalty for failure to comply with the provisions of section 269SS.

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The Tax Publishers [1][271D. Penalty for failure to comply with the provisions of Section 269Ss. [2][(1)] If a person takes or accepts any loan or deposit [3][or specified sum] in contravention of the provisions of Section 269SS, he shall be liable to pay, by way of penalty, a sum equal to the amount of the loan or deposit [4][or specified sum] so taken or accepted.] SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

[1][271D. Penalty for failure to comply with the provisions of Section 269Ss.

[2][(1)] If a person takes or accepts any loan or deposit [3][or specified sum] in contravention of the provisions of Section 269SS, he shall be liable to pay, by way of penalty, a sum equal to the amount of the loan or deposit [4][or specified sum] so taken or accepted.]