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Income Tax - Highlights / Catch Notes

Home Highlights January 2012 Year 2012 This

Though assessee furnished the director’s report, the actual ...

Case Laws     Income Tax

January 17, 2012

Though assessee furnished the director’s report, the actual write off, filing of balance sheets, memorandum and articles of association, letter to DISL etc. however, the assessee did not bring to the notice of the A.O. that no interest from the converted loan had been offered and assessed to income tax in any of the earlier previous years. - Penalty confirmed.... - HC

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