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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Penalty u/s 271B - Tax Audit - It does not differentiate between ...


Tax Audit Penalty u/s 271B Applies Equally to Speculative and Normal Business Sales Without Exemptions.

January 31, 2014

Case Laws     Income Tax     AT

Penalty u/s 271B - Tax Audit - It does not differentiate between commodities sold under the head speculative business or normal business - penalty confirmed - AT

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