TMI BlogPenalty u/s 271D and 271E - the amounts were treated as booking advance and therefore, taxed as...Penalty u/s 271D and 271E - the amounts were treated as booking advance and therefore, taxed as undisclosed income - same would thereafter not bear the character of loan or advances. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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