Penalty u/s 271D - share application money - Since there is ...

Section 271D Penalty Not Applicable: Share Application Money Not Considered Loan or Deposit; Section 269SS Not Triggered.

September 20, 2012

Case Laws Income Tax AT

Penalty u/s 271D - share application money - Since there is nothing on record to suggest that the receipt of application money is in the nature of loan or deposit the provisions of section 269SS are not attracted. - AT

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Penalty u/s 271D - share application money - Since there is ...

Section 271D Penalty Not Applicable: Share Application Money Not Considered Loan or Deposit; Section 269SS Not Triggered.

September 20, 2012

Case Laws Income Tax AT

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