Is Transfer Of Loan or Deposit By Book Entreis Liable To Penalty U/s 269SS or 269T?

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Is Transfer Of Loan or Deposit By Book Entreis Liable To Penalty U/s 269SS or 269T?There is a private company. It has taken loan from a party exceeding RS 20,000. Now party wants to transfer this money to someone’s name. Can private company do that? Will that book transfer fall under mischief of any section…