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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Penalty u/s 271D - there is nothing to show that there was ...

Case Laws     Income Tax

March 2, 2015

Penalty u/s 271D - there is nothing to show that there was urgency for the assessee to avail the loan in cash in violation of Section 269SS - such a transaction would not come under the exception clause of Section 271D - HC

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  10. Penalty u/s 271D - Cash loan taken from the Partner of the Partnership Firm -Assessee with a bona fide belief that the provisions of section 269SS are not applicable has...

  11. Penalty u/s 271D & 271E - allegation of cash loan having been taken/repaid - The ITAT underscored the principle that penalties under Sections 271D and 271E for...

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