Penalty u/s 271D - Default in accepting the cash loan in ...

Income Tax

September 27, 2018

Penalty u/s 271D - Default in accepting the cash loan in violation of section 269SS - urgency of matter - Since, the stamp duty for registration of property was to be paid urgently, the assessee had no other option but to avail the cash loan from the directors. - No penalty.

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Penalty u/s 271D - Default in accepting the cash loan in ...

Income Tax

September 27, 2018

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