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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Penalty u/s 271(1)(c) - According to the assessee she was not ...

Case Laws     Income Tax

May 2, 2017

Penalty u/s 271(1)(c) - According to the assessee she was not having income exhibiting taxable limit in the past, but she has made small savings. When she filed the return for this year, she computed it as an opening capital balance - the explanation of assessee does not appear to be false - No penalty - AT

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