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Income Tax - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Penalty u/s 271(1)(c) on addition made u/s 68 - the assessee has ...


Penalty u/s 271(1)(c) Contested; Explanation Deemed Sufficient, No Merit in Imposing Penalty for Section 68 Addition.

July 7, 2016

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) on addition made u/s 68 - the assessee has given sufficient explanation though not found satisfactory by AO - No merit in levying penalty.

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