Penalty u/s 271D and 271E - the amounts were treated as booking ...

Amounts Treated as Undisclosed Income, Not Loans: Penalties u/ss 271D and 271E Deemed Inapplicable.

July 29, 2013

Case Laws Income Tax HC

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

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Penalty u/s 271D and 271E - the amounts were treated as booking ...

Amounts Treated as Undisclosed Income, Not Loans: Penalties u/ss 271D and 271E Deemed Inapplicable.

July 29, 2013

Case Laws Income Tax HC

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