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Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

Deletion of penalty u/s 271(1)(c) of the Act – Payment as labour ...


Penalty Removed for Disallowed Labor Payments u/s 271(1)(c) Due to Insufficient Grounds for Penal Action.

June 5, 2014

Case Laws     Income Tax     AT

Deletion of penalty u/s 271(1)(c) of the Act – Payment as labour charges made disallowed u/s 40A(2)(b) - estimation at 15% being made merely on estimation do not attract the penal provisions - AT

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