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Income Tax - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

Penalty u/s. 271D - contravention of provision of Section 269SS ...

Case Laws     Income Tax

August 11, 2017

Penalty u/s. 271D - contravention of provision of Section 269SS - reasonable cause for not accepting loans by way of account payee cheque or demand draft - These loans are genuine transaction which were accepted by way of cheques by its sister concern - No penalty

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