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Income Tax - Highlights / Catch Notes

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Penalty u/s 271D - reasonable cause for violation of Section ...

Income Tax

February 23, 2018

Penalty u/s 271D - reasonable cause for violation of Section 269SS - when the Karta is dealing with the large amounts of cash. Lack of formal education cannot by itself be the conclusive of ignorance of the law, particularly in respect of men of business. - HC

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