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Penalty imposed u/s.271E and 271D - taking and repayment of loan from the various sister concerns through Journal Entry - all the entries is the bona fide belief of the assessee that there was no violation of any provision of the Act.

Income Tax - Penalty imposed u/s.271E and 271D - taking and repayment of loan from the various sister concerns through Journal Entry - all the entries is the bona fide belief of the assessee that there was no violation of any provision of the Act. - TMI Updates - Highlights ..... .....

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