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Income Tax - Highlights / Catch Notes

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Levy of penalty u/s 271(1)(c) - The Tribunal had observed that ...


Tribunal Rules No Penalty u/s 271(1)(c) for Punjab Government Undertaking's Omission, No Benefit Gained.

May 17, 2016

Case Laws     Income Tax     HC

Levy of penalty u/s 271(1)(c) - The Tribunal had observed that by not adding back the amount, no one had been benefitted as the assessee is an undertaking of Government of Punjab - No penalty - HC

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