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Income Tax - Highlights / Catch Notes

Home Highlights September 2019 Year 2019 This

Penalty u/s. 271D - Cash borrowing to make this urgent cash ...

Case Laws     Income Tax

September 27, 2019

Penalty u/s. 271D - Cash borrowing to make this urgent cash payments appears to be reasonable. -there was reasonable cause for accepting this loan in cash and hence, in view of section 273B, no penalty - AT

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