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2018 (6) TMI 104 - HC - Income TaxPenalty u/s 271D - whether the amount in issue was not a loan within the meaning of Section 269SS - Held that:- Tribunal in his order has primarily relied on entries in the books of account and thus the two cash payments were imprest, and therefore neither loan nor deposit - also the interest accrued on the FDRs was duly reflected in the returns of income of the assessee - thus we take the statement made by the counsel for the respondent/ assessee that the matter may be remanded to the Tribunal for fresh adjudication and accordingly the matter is set aside - hence no final opinion is given on penalty u/s 271D.
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