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Income Tax - Highlights / Catch Notes

Home Highlights May 2018 Year 2018 This

Penalty levied u/s 271D - capital contributed by the partner in ...


Section 271D Penalty Contested: Partner's Capital Contribution Not a Loan or Deposit per Section 269SS, No Penalty Due.

May 22, 2018

Case Laws     Income Tax     AT

Penalty levied u/s 271D - capital contributed by the partner in the partnership firm does not tantamount to loan or deposit within the meaning of section 269SS - No penalty - AT

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