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Income Tax - Highlights / Catch Notes

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Levy of penalty u/s 271D - Cash loans from close relatives ...

Income Tax

January 7, 2019

Levy of penalty u/s 271D - Cash loans from close relatives cannot be said to fall within the mischief of section 269SS of the Act, as near/close relatives cannot be said to be “other persons” within the meaning of section 269SS

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