TMI BlogSection 271D Penalty Contested: Partner's Capital Contribution Not a Loan or Deposit per Section 269SS, No Penalty Due.Penalty levied u/s 271D - capital contributed by the partner in the partnership firm does not tantamount to loan or deposit within the meaning of section 269SS - No penalty - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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