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Income Tax - Highlights / Catch Notes

Home Highlights October 2012 Year 2012 This

Deposit U/s 269SS – Share application money receive in cash - ...


Penalty u/s 271D Removed for Cash Share Application Belief in Good Faith u/s 269SS.

October 12, 2012

Case Laws     Income Tax     AT

Deposit U/s 269SS – Share application money receive in cash - assessee is under bonafide belief that the amounts could have been accepted by cash. - penalty levied u/s 271D deleted. - AT

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