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Income Tax - Highlights / Catch Notes

Home Highlights December 2023 Year 2023 This

Penalty u/s 271D - acceptance of in cash in contravention to the ...


Penalty for Cash Transactions Deleted Due to Lack of Recorded Satisfaction in Assessment Order.

December 13, 2023

Case Laws     Income Tax     AT

Penalty u/s 271D - acceptance of in cash in contravention to the provision of section 269SS - Satisfaction must be recorded in the original assessment order for the purpose of initiation of penalty proceedings - Penalty deleted - AT

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