Levying the penalty u/s 271E - loan received by the assessee had ...

Section 271E Penalty Overturned: Court Rules Business Decisions Are Not Revenue Authority's Domain.

March 9, 2018

Case Laws Income Tax AT

Levying the penalty u/s 271E - loan received by the assessee had been squared off by way of conversion of loan into equity - the businessman (i.e. assessee) cannot be compelled by the revenue to conduct its business as per the whims and fancies of the revenue. - AT

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Levying the penalty u/s 271E - loan received by the assessee had ...

Section 271E Penalty Overturned: Court Rules Business Decisions Are Not Revenue Authority's Domain.

March 9, 2018

Case Laws Income Tax AT

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