Penalty u/s. 271D and 271E - numerous cash deposits and ...

Penalty Waived for Cash Transactions Due to Urgent Business Needs u/ss 271D and 271E.

November 29, 2015

Case Laws Income Tax AT

Penalty u/s. 271D and 271E - numerous cash deposits and repayment was made in cash - assessee has demonstrated the funds were arranged in cash on urgent requirement of the business which is in accordance with commercial expediency of assessee’s business - penalty waived - AT

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Penalty u/s. 271D and 271E - numerous cash deposits and ...

Penalty Waived for Cash Transactions Due to Urgent Business Needs u/ss 271D and 271E.

November 29, 2015

Case Laws Income Tax AT

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