Partners capital not loan or deposit within the meaning of section 269SS – ITAT confirms deletion of penalty u/s 271D
May 24, 2018
Income Tax, ITAT
Partners capital not loan or deposit within the meaning of section 269SS – ITAT confirms deletion of penalty u/s 271D for capital contributed by partner in cash. The Revenue had filed this appeal against the order of the Commissioner of Income Tax (Appeals) whereby he deleted the penalty …