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Income Tax - Highlights / Catch Notes

Home Highlights December 2011 Year 2011 This

Cancellation of penalty levied u/s. 158BFA(2) - penalty is not ...

Case Laws     Income Tax

December 17, 2011

Cancellation of penalty levied u/s. 158BFA(2) - penalty is not automatic. - This is a case of non-substantiation of explanation; otherwise, the entry of Rs.9,26,600/- was shown in the same paper found during the course of search. - cancellation of penalty is justified..... - AT

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