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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Scope of section 269SS of the Act – Journal entries – there is ...


No Penalty u/s 271D for Loans Accepted via Journal Entries Without Actual Fund Receipt.

May 13, 2014

Case Laws     Income Tax     AT

Scope of section 269SS of the Act – Journal entries – there is no proof of receipt of such loan from the records and they were only found to be journal entries - No Penalty u/s 271D - AT

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