Penalty for noncompliant repayment: repayments made otherwise than permitted attract a penalty equal to the repaid amount. If a person repays a loan, deposit or specified advance otherwise than in accordance with the repayment provision, the Assessing Officer may impose a ... Summary
Penalty for noncompliant repayment: repayments made otherwise than permitted attract a penalty equal to the repaid amount.
If a person repays a loan, deposit or specified advance otherwise than in accordance with the repayment provision, the Assessing Officer may impose a penalty equal to the loan, deposit or specified advance so repaid.
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