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Income Tax - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

Levy of penalty u/s. 271(1)(c) - It is a mere claim of exemption ...


No Penalty for Wrong Tax Exemption Claim u/s 271(1)(c) When Not Applicable to Section 115JB.

January 23, 2018

Case Laws     Income Tax     AT

Levy of penalty u/s. 271(1)(c) - It is a mere claim of exemption which is allowed in the normal computation, but not allowable u/s. 115JB and there cannot be any penalty for a wrong claim. - AT

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