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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Penalty u/s 271E - repayment of deposits in cash made by the ...

Income Tax

November 24, 2018

Penalty u/s 271E - repayment of deposits in cash made by the assessee to her related persons - default u/s 269T - the burden entirely lay upon AO first to establish that there existed a loan or advance and the contentious payment in repayment of such loan - No penalty.

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