Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Penalty u/s 271E - contravention of provisions of S. 269T - repaying of loan in Cash - The funds were needed for an urgent requirement made at the hospital towards the treatment of mother of the Partner - The assessee therefore, paid the amount through different family members, who are close relative of the partners of the firm - No penalty - AT
Penalty u/s 271E - contravention of provisions of S. 269T - repaying of loan in Cash - The funds were needed for an urgent requirement made at the hospital towards the treatment of mother of the Partner - The assessee therefore, paid the amount through different family members, who are close relative of the partners of the firm - No penalty - AT
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