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Income Tax - Highlights / Catch Notes

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Penalty u/s 271(1)(c) - absence of due care does not mean that ...


Court Waives Penalty u/s 271(1)(c) of Income Tax Act; Lack of Due Care Doesn't Implies Guilt.

May 31, 2013

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - absence of due care does not mean that the assessee is guilty of either furnishing inaccurate particulars or attempting to conceal its income - penalty waived - AT

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