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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Penalty levied under section 271(1)(c) - claim of the assessee ...


Taxpayer Avoids Penalty u/s 271(1)(c) Due to Retrospective Law Change Impacting Claim Validity.

May 27, 2016

Case Laws     Income Tax     AT

Penalty levied under section 271(1)(c) - claim of the assessee became untenable by virtue of retrospective operation of law, otherwise, the assessee could have demonstrated the allowance of its claim - no penalty - AT

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