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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Levy of penalty u/s 271(1)(c) - Minor differences in estimation ...

Case Laws     Income Tax

November 10, 2018

Levy of penalty u/s 271(1)(c) - Minor differences in estimation and consequent valuation are but natural and so long as fundamental methodology so adopted by the valuation officer are not disputed, such minor differences in valuation cannot form the basis for levy of penalty

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