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

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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 of the I T Act. Ritha BangIn my opinion , there will not be any…