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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Penalty under section 271D for violation of provisions of ...


No Penalty Imposed for Violating Section 269SS on Share Application Money; Considered u/s 271D.

February 7, 2015

Case Laws     Income Tax     AT

Penalty under section 271D for violation of provisions of section 269SS - Amounts towards share application money during the year were some times returned to the said person and only net amount of outstanding amount at the end of the year was transferred by a journal entry. - No penalty - AT

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