TMI BlogPenalty Upheld: Income Surrender Not Voluntary u/s 271(1)(c), No Intention to Declare True Income Found.Penalty u/s 271(1)(c) - it cannot be said that the surrender of income was voluntary - assessee had no intention to declare its true income - penalty confirmed - SC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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