Penalty under Section 271(1)(c) - bogus transaction of sale and purchase of asset - it is a clear case...

Penalty under Section 271(1)(c) - bogus transaction of sale and purchase of asset - it is a clear case of furnishing inaccurate particulars in the form of forged invoices and thereby concealed the particulars of income of the assessee. - Levy of penalty confirmed - AT .....

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