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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Penalty u/s 271D - receipt in cash being undisclosed income - ...


No Penalty Imposed u/s 271D Due to Lack of Loan or Advance as Required by Section 269SS.

January 19, 2019

Case Laws     Income Tax     HC

Penalty u/s 271D - receipt in cash being undisclosed income - Loan or advance is a sine qua non or foundational fact for the applicability of the provisions of Section 269SS - No penalty.

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