Levy of penalty u/s.271E and 271D - as per the assessee it was ...
Case Laws Income Tax
April 17, 2017
Levy of penalty u/s.271E and 271D - as per the assessee it was to reduce cash handling by the workers of transporters, cab drivers etc. However, ld. ACIT has clearly demonstrated that no such adjustment against cost of fuel was ever done against the advance, on the other hand but such amounts were repaid by the assessee in cash - levy of penalty confirmed - AT
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