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Income Tax - Highlights / Catch Notes

Home Highlights February 2013 Year 2013 This

Violate the provisions of section 269SS and 269T – share ...


Penalties for Cash Transaction Violations Not Automatic; Bona Fide Belief Can Justify Actions u/ss 269SS, 269T.

February 26, 2013

Case Laws     Income Tax     AT

Violate the provisions of section 269SS and 269T – share application money - penalty u/s 271D and 271E is not automatic - if there is bonafide belief, no penalty u/s 271D and 271E - AT

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