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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Penalty u/s 271(1)(c) - The assessee has not failed to offer any ...


No Penalty for Assessee u/s 271(1)(c) Due to Bona Fide Explanation and Genuine Book Entries.

August 3, 2013

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - The assessee has not failed to offer any explanation and the explanation of the assessee was not found to be false & has made bona-fide explanation based upon the entries in books of account maintained of the earlier years. - No penalty - AT

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