The asseessee passed book entries and credited parties. The Assessing Officer held that the assesseee violated the provisions of section  269SS  and levied penalty under section 271D of the Act. CIT(A) affirmed the order of the AO. On appeal Tribunal held that, book entries do not represent any loan or deposit taken or accepted by the assessee by violating the provisions of S. 269SS and, therefore, no penalty is leviable under S. 271D. (AY. 2016-17)