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Income Tax - Highlights / Catch Notes

Home Highlights July 2020 Year 2020 This

Penalty u/s 271D - violation of Section 269SS - reasonable cause ...


High Court Remands Case to ITAT for Fresh Review on Section 271D Penalty and Reasonable Cause u/s 273B.

July 27, 2020

Case Laws     Income Tax     HC

Penalty u/s 271D - violation of Section 269SS - reasonable cause to be entitled to the benefit of Section 273B - In view of 2 decisions of tribunal, favoring the assessee, matter restored back to ITAT for fresh consideration - HC

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