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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Levying the penalty u/s 271E - loan received by the assessee had ...

Case Laws     Income Tax

March 9, 2018

Levying the penalty u/s 271E - loan received by the assessee had been squared off by way of conversion of loan into equity - the businessman (i.e. assessee) cannot be compelled by the revenue to conduct its business as per the whims and fancies of the revenue. - AT

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