10 March 2020
Sir, One I.t. assess cash loan to debtor balance 5 lacs( five lacs)as on 31.03.2019 as per books. 1. Cash receipt from debtor dt:20.05.2019 Rs.1,90,000/- 2. Cash receipt from debtor Dt: 19.07.2019 Rs.2,00,000/- 3. Remaining balance cash receipt from debtor Dt: 10.11.2019 Rs.1,10,000/- Cash mode received. Question : Above transactions violation sec 269 St and penality payable.
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