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Income Tax - Highlights / Catch Notes

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Levy of penalty u/s 271D - transaction between husband and wife ...

Income Tax

June 22, 2018

Levy of penalty u/s 271D - transaction between husband and wife - transaction of loan between husband and wife does not attract the provisions of section 269SS - Penalty levied u/s 271D of the Act in the instant case is not justified.

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