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Income Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

Levy of penalty u/s 271D and 271E – Cash Loan - The genuineness ...

Income Tax

November 7, 2014

Levy of penalty u/s 271D and 271E – Cash Loan - The genuineness of the transaction to meet the immediate necessity was accepted by the Tribunal in the quantum appeal and that would amount to reasonable cause in terms of Section 273B - HC

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