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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Penalty could have not been imposed as per Section 271(a)(c) of ...

Case Laws     Income Tax

March 18, 2015

Penalty could have not been imposed as per Section 271(a)(c) of the Act without satisfying concealment or submission of inaccurate particulars of income on the part of the assessee. Such satisfaction must reflect in the order of assessment as the penalty as per the provision under consideration is not automatic - HC

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