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Income Tax - Highlights / Catch Notes

Home Highlights April 2013 Year 2013 This

Levy of penalty u/s 271(1)(c) - no satisfaction as required by ...


Penalty u/s 271(1)(c) invalid due to AO's failure to record necessary satisfaction during assessment.

April 30, 2013

Case Laws     Income Tax     AT

Levy of penalty u/s 271(1)(c) - no satisfaction as required by law has been recorded by AO during the assessment proceedings, hence, imposition of penalty is bad in law. - AT

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