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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Levy of penalty under section 158BFA(2) is discretionary and not ...

Case Laws     Income Tax

February 5, 2019

Levy of penalty under section 158BFA(2) is discretionary and not mandatory - Undoubtedly, there was some material found during the course of search and additional income on that account was offered by the assessee and the same has been accepted by the Revenue Department but on that account, no penalty has been levied

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