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Income Tax - Highlights / Catch Notes

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Penalty u/s 271E of the Act – Repayment of loan made in cash – ...

Income Tax

April 17, 2014

Penalty u/s 271E of the Act – Repayment of loan made in cash – the confirmation letter from the father cannot be completely brushed aside, especially when the transaction is between a very close relationship i.e., father and son - penalty waived - AT

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