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Income Tax - Highlights / Catch Notes

Home Highlights August 2014 Year 2014 This

Penalty u/s 271D – Cash loans received from creditors – the ...


Court Rules No Penalty u/s 271D for Verified Cash Loans From Creditors; Transactions Not Questioned by Authorities.

August 21, 2014

Case Laws     Income Tax     HC

Penalty u/s 271D – Cash loans received from creditors – the genuineness of the creditors have been verified and the transactions were never doubted by the Authorities below - no penalty - HC

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