Bench: Ms. Suchitra Kamble & Shri Waseem Ahmedassessment Year: 2014-15
271D are not lawful as the appellant did not have taken at all any unsecured loans from its Directors. The CIT(A) has also not considered the legality of the case and disposed the appeal by dismissing appeal which is not reasonable. 3. As the penalties imposed were void, illegal or inoperative since inception of the proceedings