Penalty u/s 271D - reasonable cause - contravention of sec. ...
Penalty u/s 271D Deleted: Reasonable Cause Found for Cash Obtained by Discounting Cheques, Overriding Section 269SS Violation.
July 20, 2012
Case Laws Income Tax AT
Penalty u/s 271D - reasonable cause - contravention of sec. 269SS - cash was taken by discounting cheques to meet the urgent business needs of the assessee - deletion of penalty is warranted - AT
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