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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Penalty levied u/s. 271(l)(c) - additions towards donation paid ...


Penalty u/s 271(1)(c) Dropped After Taxpayer Corrects Income Statement Errors During Assessment Proceedings.

November 20, 2018

Case Laws     Income Tax     AT

Penalty levied u/s. 271(l)(c) - additions towards donation paid and STT paid - assessee failed to add back in the statement of total income, while filing return of income. The said mistake has been rectified immediately after noticing during the course of assessment proceedings - No penalty.

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