Levy of penalty u/s 271E r.w.s. 269T - reasonable cause - the ...
Penalty u/s 271E Scrutinized: Loan Settled Using Journal Entries Deemed Reasonable Cause by Assessee.
October 1, 2018
Case Laws Income Tax AT
Levy of penalty u/s 271E r.w.s. 269T - reasonable cause - the assessee’s decision in favour of squiring up of the loans account through passing of journal entries, shall constitute a reasonable cause on the facts of the present case.
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