Penalty u/s. 271D - trade advances received for the purpose of ...

Trade Advances for Goods Supply Not Subject to Section 271D Penalty Under Income Tax Act Clarified by Ruling.

February 4, 2019

Case Laws Income Tax AT

Penalty u/s. 271D - trade advances received for the purpose of supply of goods dealt by the assessee - cannot be characterized as loan or deposit - Such trade advances cannot fall under the purview of section 269SS so as to attract penalty u/s. 271D

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Penalty u/s. 271D - trade advances received for the purpose of ...

Trade Advances for Goods Supply Not Subject to Section 271D Penalty Under Income Tax Act Clarified by Ruling.

February 4, 2019

Case Laws Income Tax AT

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