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Income Tax - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Penalty under section 271(1)(c) - surrendered investment cannot ...


No Penalty for Surrendered Investments: Section 271(1)(c) Requires Proof of Deliberate Tax Law Breach.

April 2, 2015

Case Laws     Income Tax     AT

Penalty under section 271(1)(c) - surrendered investment cannot be considered for levy of penalty in so far as penalty should not be made if there is no conscious breach of law - AT

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