Penalty u/s 271D - The assessee failed to discharge its burden ...

ITAT erred in removing penalty for cash deposits from staff, violating Section 271D of the Income Tax Act.

March 26, 2018

Case Laws Income Tax HC

Penalty u/s 271D - The assessee failed to discharge its burden in proving that there was a reasonable cause in accepting the deposits from staff members other than by way of cheque or draft - ITAT erred egregiously in deleting the penalty - HC

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Penalty u/s 271D - The assessee failed to discharge its burden ...

ITAT erred in removing penalty for cash deposits from staff, violating Section 271D of the Income Tax Act.

March 26, 2018

Case Laws Income Tax HC

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