Section 271E Penalty for failure to comply with the provisions of section 269T.

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The Tax Publishers [1]271E. Penalty for failure to comply with the provisions of Section 269T. [2][(1)] If a person repays any [3][loan or] deposit [4][or specified advance] referred to in Section 269T otherwise than in accordance with the provisions of that section, he shall be liable to pay, by way of penalty, a sum equal to the amount of the [5][loan or] deposit [6][or specified advance] so repaid. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

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

[2][(1)] If a person repays any [3][loan or] deposit [4][or specified advance] referred to in Section 269T otherwise than in accordance with the provisions of that section, he shall be liable to pay, by way of penalty, a sum equal to the amount of the [5][loan or] deposit [6][or specified advance] so repaid.