HC stays penalty imposition on Electronic Banking routed loan; Assessee claims 'retrospective' relief

Sep 29,2017

Taxpayer approaches Delhi HC against the levy of penalty for accepting loan by way of electronic transfer; Delhi HC issues notice to Revenue and grants stay on recovery of the penalty pursuant to a writ petition filed by the assessee company challenging penalty order passed u/s. 271D for contravening Sec. 269SS provisions; During AY 2013-14, assessee had re...

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