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Income Tax - Highlights / Catch Notes

Home Highlights March 2016 Year 2016 This

Penalty u/s 271(1(c) - accommodation entry - when the assessee ...

Case Laws     Income Tax

March 3, 2016

Penalty u/s 271(1(c) - accommodation entry - when the assessee has admitted this amount as income then no further investigation was required on the part of the AO to prove that this amount was received on account of accommodation entries received by the assessee. - levy of penalty confirmed - AT

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