TMI BlogPenalty u/s 271(1)(c) - claiming revenue loss on sale of fixed assets – If the assessee makes a claim...Penalty u/s 271(1)(c) - claiming revenue loss on sale of fixed assets – If the assessee makes a claim which is not only incorrect in law but is also wholly without any basis, penalty to be levied - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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