SLP on penalty for borrowing above Rs. 20000 dismissed by SC

SLP on penalty for borrowing above Rs. 20000 dismissed by Supreme Court in the case of Vasan Healthcare Pvt. Ltd. & Anr. Vs. Additional Commissioner Of Income Tax where unaccounted money of the financer routed by the director through accounts of Assessee.

Introduction

Supreme Court in Vasan Healthcare (P.) Ltd. [2021] 125 taxmann.com 266 (SC) on 22-01-2021 dismissed the SLP filed by the assesse and after hearing both the sides refused to interfere the de

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