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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Penalty u/s 271(1)(c) – The mistake made by the Chartered ...


High Court Rules Chartered Accountant's Error in Tax Law Interpretation as Bona Fide, Penalty Imposed u/s 271(1)(c.

December 13, 2014

Case Laws     Income Tax     HC

Penalty u/s 271(1)(c) – The mistake made by the Chartered Accountant was a result of a human error in correctly interpreting and applying the complex interconnect between two sections. The error was bona fide - HC

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