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Income Tax - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

Penalty u/s 271(1)(c) - willful evasion of tax by claiming ...


No Penalty Imposed for Bona Fide Mistake in Claiming Depreciation u/s 271(1)(c) for Tax Evasion.

February 7, 2018

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - willful evasion of tax by claiming deprecation on building - This is a bonafide mistake made by the assessee without any intention to evade tax. - no penalty - AT

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