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Income Tax - Highlights / Catch Notes

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Penalty u/s 271(1)(c) - merely because assessee's claim has been ...


Taxpayer's Claim Disallowance Alone Doesn't Justify Penalty u/s 271(1)(c) for Income Concealment.

October 5, 2013

Case Laws     Income Tax     HC

Penalty u/s 271(1)(c) - merely because assessee's claim has been disallowed, it cannot be said that the assessee is also guilty of concealment of income or furnishing of inaccurate particulars of income - HC

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