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Income Tax - Highlights / Catch Notes

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Penalty u/s.271D - violation of Section 269SS - adjustments ...

Income Tax

October 19, 2016

Penalty u/s.271D - violation of Section 269SS - adjustments through journal entries - Since there was no payment in cash either by the assessee or on its behalf it could not be said that there was any violation of Section 269SS - No penalty - HC

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