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Income Tax - Highlights / Catch Notes

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

Income Tax

March 26, 2018

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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