Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Penalty u/s 271D - assessee is a small trader - household expenses incurred and paid from firm have been entered in cash book debited to assessee's a/c and crediting the A/c of firm M/s Rambilas Shiv Kumar, hence no 'money' passed from firm to the assessee - the transaction between the assessee and firm was current account in nature and was not a loan or deposit and hence there is no violation of section 269SS - no penalty
Penalty u/s 271D - assessee is a small trader - household expenses incurred and paid from firm have been entered in cash book debited to assessee's a/c and crediting the A/c of firm M/s Rambilas Shiv Kumar, hence no 'money' passed from firm to the assessee - the transaction between the assessee and firm was current account in nature and was not a loan or deposit and hence there is no violation of section 269SS - no penalty
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