The assessee had taken the loan less than ₹ 20,000/- from ...
Income Tax
December 9, 2016
The assessee had taken the loan less than ₹ 20,000/- from his close relatives and family members Further the assessee immediately deposited the amount in bank account for making payment to the party. The genuineness of these deposits was never doubted by the AO - No penalty u/s 271D - AT
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