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Income Tax - Highlights / Catch Notes

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Levy of penalty u/s 271E - violation of provision of section ...

Income Tax

August 10, 2019

Levy of penalty u/s 271E - violation of provision of section 269T - repayment of loan was made in cash - when there is nothing on record suggesting that the loan amount was repaid in cash by the assessee - imposition of penalty would not be justified

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