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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Penalty u/s 271(1)(c) - provision for leave encashment - dispute ...


No Penalty Imposed u/s 271(1)(c) Due to Timing Dispute Over Allowable Leave Encashment Expenses.

March 27, 2018

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - provision for leave encashment - dispute was only relating to the year in which the said expenses are allowable and not about the very deductibility of the said expenses as the genuineness of the same was neither disputed nor doubted - no penalty - AT

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