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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Cancellation of penalty u/s 271(1)(c) - no prudent purpose ...

Case Laws     Income Tax

May 9, 2014

Cancellation of penalty u/s 271(1)(c) - no prudent purpose could be served for the assessee by filing inaccurate particulars in the current years while the assessee had already offered for tax the capital gains on sale of impugned land in the AY 2000-01 - no penalty - AT

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