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Income Tax - Highlights / Catch Notes

Home Highlights January 2015 Year 2015 This

Penalty under Section 271D - violation of Section 269-SS - ...

Income Tax

January 10, 2015

Penalty under Section 271D - violation of Section 269-SS - surrender of income - Receipt of Loan in cash - There is suspicion but this alone without further verification and investigation cannot justify the finding that the respondent-assessee had taken loan/deposit in cash. - HC

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