TMI BlogLevy of penalty u/s 271(1)(c) - claiming false depreciation - lease transaction not to be a bonafide...Levy of penalty u/s 271(1)(c) - claiming false depreciation - lease transaction not to be a bonafide transaction - three authorities have concurrently held on facts against the assessee - Levy of penalty confirmed. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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