TMI BlogNo Penalty for Surrendered Investments: Section 271(1)(c) Requires Proof of Deliberate Tax Law Breach.Penalty under section 271(1)(c) - surrendered investment cannot be considered for levy of penalty in so far as penalty should not be made if there is no conscious breach of law - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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