202 total views No penalty for repayment of loan in cash if the assessee demonstrated that transactions were genuine as it is a mere  mere technical violation without any loss to the Revenue Short Overview : Where assessee-company repaid loans advances otherwise than by crossed cheque, however, it substantiated with relevant documents that all the payments made …
Continue reading No penalty for repayment of loan in cash if the assessee demonstrated that transactions were genuine as it is a mere mere technical violation without any loss to the Revenue

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