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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Tax Audit - Determination of turnover for the purpose of section ...


Tax Audit Exemption Granted: Stamps Excluded from Turnover for Commission Agent u/s 44AB, No Penalty u/s 271B.

July 30, 2015

Case Laws     Income Tax     AT

Tax Audit - Determination of turnover for the purpose of section 44AB - assessee was having bona fide belief that his case is not liable to audit of the books as the value of stamp is not his turnover and has a role of commission agent - No Penalty u/s 271B - AT

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