Penalty u/s.271E - violation of provision of section 269T - the ...

Case Laws Income Tax

June 15, 2019

Penalty u/s.271E - violation of provision of section 269T - the assessee has not explained the reason why the said amount has been deposited in the bank account of Shri Raju Bharat and what is the urgency or immediate need for the company’s business to deposit the same amount in the bank account of the shareholder - no reasonable cause as per section 273B - penalty confirmed

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Penalty u/s.271E - violation of provision of section 269T - the ...

Case Laws Income Tax

June 15, 2019

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