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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Penalty u/s 271D - The firm has accepted loan from the partners ...

Case Laws     Income Tax

May 27, 2016

Penalty u/s 271D - The firm has accepted loan from the partners by passing journal entries and also explained sources. Moreover, the repayment of loan is made to a nationalized bank - No penalty - AT

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