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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Penalty u/s 271D - violation of provisions of section 269SS - ...


No Penalty Imposed for Single Cash Book Entry u/s 271D; No Additional Cash Source Created for Assessee.

May 28, 2016

Case Laws     Income Tax     AT

Penalty u/s 271D - violation of provisions of section 269SS - merely by passing one receipt entry in cash book and one payment entry in cash book for a sum, no additional source of cash had emanated to the assessee - No penalty - AT

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