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Income Tax - Highlights / Catch Notes

Home Highlights May 2013 Year 2013 This

Penalty u/s 271(1)(c) - estimation of taxable income by way of ...


Taxpayer Penalized u/s 271(1)(c) for Incomplete Disclosure, Leading to Income Estimation Method Use.

May 11, 2013

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - estimation of taxable income by way of estimate is one of the established method for computing income as assessee had not disclosed a full fact - penalty confirmed - AT

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