Penalty u/s 271D - share application money exceeding ₹ ...

Penalty Confirmed for Accepting Cash Share Application Exceeding Rs. 20,000 u/s 271D Without Justification.

August 2, 2016

Case Laws Income Tax AT

Penalty u/s 271D - share application money exceeding ₹ 20,000/- was received in cash - assessee has squarely failed in pointing out any reasonable cause as why the money was received in cash despite both the subscriber and assessee company having enjoyed bank facilities - penalty confirmed - AT

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Penalty u/s 271D - share application money exceeding ₹ ...

Penalty Confirmed for Accepting Cash Share Application Exceeding Rs. 20,000 u/s 271D Without Justification.

August 2, 2016

Case Laws Income Tax AT

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