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Commissioner Of Income-Tax vs Noida Toll Bridge Co. Ltd. on 28 January, 2003

In this case also, as in the above case, a contra entry was passed on 2.4.2007 i.e. in the year under consideration by debiting the account of M/s. Vardaan Fashion and crediting the said amount to S. Avatar Singh. This is also an adjustment entry made on account of rectification of the mistake and therefore, there was no violation of the provisions of section 269SS, and hence penalty u/s 271D is not attracted.
Delhi High Court Cites 3 - Cited by 62 - Full Document
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