Tax Case: Sections 271D & 271E - Assessee's Amounts Seen as Advances, Not Loans; Revenue's Claims Lack Evidence.

Tax Case: Sections 271D & 271E - Assessee's Amounts Seen as Advances, Not Loans; Revenue's Claims Lack Evidence. https://www.taxtmi.com/highlights?id=30755 Penalty levied u/s 271D and 271E - whether the amount received by the assessee were advances and not loan or deposits? - allegation of the Revenue of manipulation are baseless and without any supporting evidence - AT en-us Fri, 12 Aug 2016 13:21:29 +0530 Fri, 12 Aug 2016 13:21:29 +0530 TaxTMI RSS Generator Tax Case: Sections 271D & 271E - Assessee's Amounts Seen as Advances, Not Loans; Revenue's Claims Lack Evidence. https://www.taxtmi.com/highlights?id=30755 Penalty levied u/s 271D and 271E - whether the amount received by the assessee were advances and not loan or deposits? - allegation of the Revenue of manipulation are baseless and without any supporting evidence - AT Highlights Income Tax Fri, 12 Aug 2016 13:21:29 +0530 https://www.taxtmi.com/highlights?id=30755