TMI BlogHigh Court Rules No Penalty for Concealing Income u/s 271(1)(c) Due to Bona Fide Belief on Capital Loss Claim.Penalty for concealment of income u/s 271(1)(c) of the Income Tax Act - Claim of capital loss as bad debt - bonafide belief - no penalty - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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