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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Penalty u/s.271(1)(c) - undisclosed investment - The assessee ...


Assessee's Penalty for Undisclosed Investment Confirmed; Blame on Chartered Accountant Rejected Without Name Disclosure.

July 18, 2015

Case Laws     Income Tax     AT

Penalty u/s.271(1)(c) - undisclosed investment - The assessee cannot shift his responsibility to its Chartered Accountant. Further the assessee stated it was ill advised by the Chartered Accountant without mentioning the name of the Chartered Accountant - levy of penalty confirmed - AT

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