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Income Tax - Highlights / Catch Notes

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It will be unjustified to impose penalty u/s 271(1)(c) as the ...


Penalty u/s 271(1)(c) Unjustified Due to Taxpayer's Bona Fide Error; No Intent to Conceal Income Found.

January 6, 2017

Case Laws     Income Tax     AT

It will be unjustified to impose penalty u/s 271(1)(c) as the assessee had only committed an undoubtful bona fide error and it certainly had no intention of concealing any income or furnishing inaccurate particulars of income - AT

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