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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Penalty u/s. 271D - where the loans are recorded by merely ...


Section 271D Penalty Not Applied for Loans via Journal Entries; Excludes Section 269SS Scope.

October 28, 2015

Case Laws     Income Tax     AT

Penalty u/s. 271D - where the loans are recorded by merely passing adjustment entries or journal entries are outside the scope of section 269SS - No penalty - AT

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