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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Penalty u/s 271D - obtaining cash loan in contravention of ...

Income Tax

December 29, 2019

Penalty u/s 271D - obtaining cash loan in contravention of section 269SS - the cash has been deposited directly in the Bank account of assessee, for which assessee has no control - considering the issue in the light of "reasonable cause" u/s 273B, penalty waived.

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