Penalty u/s. 271D - trade advances received for the purpose of ...

Case Laws Income Tax

February 4, 2019

Penalty u/s. 271D - trade advances received for the purpose of supply of goods dealt by the assessee - cannot be characterized as loan or deposit - Such trade advances cannot fall under the purview of section 269SS so as to attract penalty u/s. 271D

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Penalty u/s. 271D - trade advances received for the purpose of ...

Case Laws Income Tax

February 4, 2019

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