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2017 (2) TMI 33 - HC - Income TaxPenalty u/s 271E - Applicability of Section 269T - distinction between loan and deposit - Held that:- Since in the present case there is no doubt about the fact that the payment had been made toward a loan, share capital debenture, it would certainly not amounted to a 'deposit' and therefore, the provisions of Section 269T of the Act is clearly not attracted. - Decided in favour of assessee
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