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Penalty justified if assessee failed to prove that loan taken was in fact trade transaction
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Corporate Tax
Penalty justified if assessee failed to prove that loan taken was in fact trade transaction
Posted on
on
May 18, 2018
Tenet Tax Daily May 12 2018
By
tenettax-team
Corporate Tax
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Furnishing particulars of efforts made to recover tax from co. was mandatory while issuing notice to directors
ITAT remanded matter as TPO had characterized distribution agreement as a service agreement
