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Income Tax - Highlights / Catch Notes

Home Highlights January 2019 Year 2019 This

Levy of penalty u/s 271D - loan in cash was taken from near ...

Income Tax

January 9, 2019

Levy of penalty u/s 271D - loan in cash was taken from near relatives - the transaction in the instant case is between the assessee and her maternal uncle and aunt and there is nothing on record to show that the transaction lacks bona fides - no penalty.

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