Contravention of section 269SS – Penalty u/s 271DD – the ...

High Court Confirms Penalty for Treating Contributions as Loans u/s 269SS; Explanation of Future Partnership Rejected.

March 7, 2014

Case Laws Income Tax HC

Contravention of section 269SS – Penalty u/s 271DD – the contribution made by the respective persons was treated as a loan and the explanation that they were to be made partners later was not accepted - penalty confirmed - HC

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Contravention of section 269SS – Penalty u/s 271DD – the ...

High Court Confirms Penalty for Treating Contributions as Loans u/s 269SS; Explanation of Future Partnership Rejected.

March 7, 2014

Case Laws Income Tax HC

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