TMI BlogExplanation 5A of Section 271(1)(c) Income Tax Act can't be applied retroactively; penalties before June 1, 2007, are exempt.Penalty u/s 271(1)(c) - the amended provision of Explanation 5A made applicable w.r.e.f from 1.6.2007 cannot be pressed into service. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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