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Income Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

Once proceedings of penalty us 273(2)(a) or sec.273(2)(aa) have ...

Case Laws     Income Tax

November 26, 2014

Once proceedings of penalty us 273(2)(a) or sec.273(2)(aa) have not been initiated in the regular assessment by AO, then penalty proceedings cannot be initiated in the reassessment proceedings and penalties are liable to be deleted - HC

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