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Income Tax - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Penalty u/s 271(1)(c) - after the survey operation, the assessee ...


No Penalty Imposed as Assessee Corrects Income Disclosure u/s 271(1)(c) After Survey Operation.

May 9, 2017

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - after the survey operation, the assessee found there was omission to disclose the income otherwise taxable under the Income-tax Act and accordingly filed revised return within the statutory period and offered the same for taxation - No penalty - AT

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