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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Penalty u/s 271(1)(c) - the addition made by the Assessing ...


Penalty Confirmed for Concealment of Income u/s 271(1)(c); Assessee's Explanation Not Bona Fide.

September 23, 2015

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - the addition made by the Assessing Officer was specific and assessee had concealed the income and furnished inaccurate particulars of income. - the assessee's explanation is not bonafide - levy of penalty confirmed - AT

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