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Income Tax - Highlights / Catch Notes

Home Highlights September 2017 Year 2017 This

Penalty u/s 271(1)(c) - the amended provision of Explanation 5A ...


Explanation 5A of Section 271(1)(c) Income Tax Act can't be applied retroactively; penalties before June 1, 2007, are exempt.

September 18, 2017

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - the amended provision of Explanation 5A made applicable w.r.e.f from 1.6.2007 cannot be pressed into service.

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