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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Penalty u/s. 271(1)(c) - There is no provision in the IT Act for ...

Case Laws     Income Tax

April 1, 2016

Penalty u/s. 271(1)(c) - There is no provision in the IT Act for levying concealment of income u/s 271(1)(c) for non-filing of a return. The relevant provision is sec. 271(1)(a), which is neither initiated nor attracted - No penalty - AT

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