Penalty u/s 271D - receipt of loans in cash - Once the bank ...

Income Tax

March 23, 2018

Penalty u/s 271D - receipt of loans in cash - Once the bank deposits are treated as freight receipt or business receipt for estimating income of the assessee, the same cannot be considered as loans in violation of Section 269SS of the Act - no penalty - AT

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Penalty u/s 271D - receipt of loans in cash - Once the bank ...

Income Tax

March 23, 2018

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