Penalty u/s 271D or 271E - assessee has accepted loan/deposit ...

Loan Accepted via Journal Entries Violates Sections 269SS/269T, No Penalty Imposed u/ss 271D/271E.

August 2, 2018

Case Laws Income Tax AT

Penalty u/s 271D or 271E - assessee has accepted loan/deposit from sister concern through journal entries i.e., otherwise then account payee cheque /draft thereby violated provisions of section 269SS and/ or 269T - No penalty

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Penalty u/s 271D or 271E - assessee has accepted loan/deposit ...

Loan Accepted via Journal Entries Violates Sections 269SS/269T, No Penalty Imposed u/ss 271D/271E.

August 2, 2018

Case Laws Income Tax AT

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