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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Penalty u/s 271(1)(c) - Since the department itself has accepted ...

Case Laws     Income Tax

May 7, 2015

Penalty u/s 271(1)(c) - Since the department itself has accepted assessee’s claim for such writing off of preliminary expenses in the immediately preceding assessment year, disallowance of similar claim in subsequent year will not make it a fit case for levy of penalty - AT

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