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Income Tax - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

Penalty u/s 271D - Loan and advances to partners - no separate ...

Case Laws     Income Tax

March 14, 2013

Penalty u/s 271D - Loan and advances to partners - no separate identity for the partnership firm and that the partner is entitled to use the funds of the firm - No penalty in view of Sec. 273B - HC

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