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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Penalty u/s. 271(1)(c) - depreciation at higher rates on ...


No Penalty for Higher Depreciation Claim on Office Flats, Bona Fide Explanation Accepted u/s 271(1)(c.

February 12, 2019

Case Laws     Income Tax     AT

Penalty u/s. 271(1)(c) - depreciation at higher rates on valuation of the office flats - the assessee has come out with bonafide explanation and under these circumstances no penalty is exigible

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