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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Levy of penalty u/s 271D - violation of the mandate u/s 269SS - ...

Income Tax

March 26, 2019

Levy of penalty u/s 271D - violation of the mandate u/s 269SS - advances to promoter for day to day expenditure - current account of a company with its promoters, where such current account was a running one, could not be considered as loan or advances.

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