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Income Tax - Highlights / Catch Notes

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Penalty - if the contention of the revenue is accepted then in ...


Revenue's Interpretation of Penalty u/s 271(1)(c) Misaligns with Legislative Intent, Risking Unjust Penalties for Assessees.

June 11, 2013

Case Laws     Income Tax     AT

Penalty - if the contention of the revenue is accepted then in case where the addition is made the assessee will invite the penalty u/s 271(1)(c) - This is not the intendment of legislature - AT

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