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Income Tax - Highlights / Catch Notes

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Levy of penalty by the AO u/s 271(1) (c) - claim of deduction ...


Penalty Imposed u/s 271(1)(c) Due to Misunderstanding of American Date System in Deduction Claim Proceedings.

June 21, 2016

Case Laws     Income Tax     AT

Levy of penalty by the AO u/s 271(1) (c) - claim of deduction for expenditure incurred in respect of seconded employees - CIT (A) has misconstrued the facts of the case for the reason that he has not understood the American system of dates and for that purpose the entire matter went for a toss - AT

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