Penalty u/s 271D - receipt of loans in cash - Once the bank ...

No Penalty u/s 271D for Cash Deposits Treated as Business Income, Not Loans Violating Section 269SS.

March 23, 2018

Case Laws Income Tax AT

Penalty u/s 271D - receipt of loans in cash - Once the bank deposits are treated as freight receipt or business receipt for estimating income of the assessee, the same cannot be considered as loans in violation of Section 269SS of the Act - no penalty - AT

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Penalty u/s 271D - receipt of loans in cash - Once the bank ...

No Penalty u/s 271D for Cash Deposits Treated as Business Income, Not Loans Violating Section 269SS.

March 23, 2018

Case Laws Income Tax AT

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