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Income Tax - Highlights / Catch Notes

Home Highlights October 2013 Year 2013 This

Penalty u/s 271(1)(c) - In the given situation and particularly ...

Case Laws     Income Tax

October 4, 2013

Penalty u/s 271(1)(c) - In the given situation and particularly as the addition for benami accounts stands deleted and there is no dispute about the facts that the accounts were duly audited and pertain to a much earlier year, it is not a fit case for levy of penalty - HC

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