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Income Tax - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Penalty u/s 271D - receipt of deposit of loan or repayment of ...

Income Tax

April 29, 2020

Penalty u/s 271D - receipt of deposit of loan or repayment of the same otherwise than banking channel - adjustments through journal entries - the assessee’s case is squarely falls under a reasonable cause under section 273B - No penalty - AT

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