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Income Tax - Highlights / Catch Notes

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Penalty u/s 271(1)(c) - addition on remission/cessation of ...


Section 271(1)(c) Penalty Not Applicable Due to Lack of Actual Concealment Finding u/s 41(1)(a.

April 19, 2017

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - addition on remission/cessation of liability as per the provisions of section 41(1)(a) - the income was merely estimated without finding any concealment as such, hence the penalty is not attracted. - AT

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