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DATE: | July 6, 2014 (Date of publication) |
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Click here to download the judgement (saurabh_269SS_269T_book_entries.pdf) |
S. 269SS/ 269T is not attracted to book entries not involving cash transactions
As the transactions of loans & advances were not cash transactions and were merely book entries by way of adjustment entries, there is no violation of Section 269SS/269T of the Act and no question of levy of penalty u/s 271D/ 271E.
But only Journal entries?