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Income Tax - Highlights / Catch Notes

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Adjustments of interest payable to IFCI and sales tax penalty ...

Case Laws     Income Tax

February 24, 2016

Adjustments of interest payable to IFCI and sales tax penalty under section 43B while processing the case under section 143(1)(a) - As the adjustments made by the AO could not be said to be prima facie adjustments, therefore, the additions made in the intimation issued u/s 143(1)(a)were not sustainable - HC

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