TMI BlogSection 271(1)(c) Penalty Not Applicable for Presumed Lump-Sum Wage Disallowance Under Income Tax Act.Penalty u/s 271(1)(c) - for such lump-sum disallowance out of wages on the basis of presumption, no penalty u/s 271(1)(c) is leviable - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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