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Penalty upheld as assessee didn’t show reasonable cause for receiving cash deposit in contravention of Sec. 269SS

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  • Penalty upheld as assessee didn’t show reasonable cause for receiving cash deposit in contravention of Sec. 269SS
Posted onon November 26, 2014

Tenet Tax Daily November 26 2014

By tenettax-team
Corporate Tax

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Mere grant of sec. 12A registration won’t be sufficient to allow registration under sec. 80G as well
Certificate of incorporation/PAN didn’t prove identity of shareholder-Cos if evidence showed them as paper Cos

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