TMI BlogAssessee had not filed revised return voluntarily, but had filed the revised return after the AO...Assessee had not filed revised return voluntarily, but had filed the revised return after the AO confronted the assessee and they were asked to explain how and why loss on account of sale of fixed assets was claimed in the profit and loss account – the levy of penalty upheld u/s 271(1)(c) - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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