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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

No penalty levied u/s. 271(1)(c) if assessee has made complete ...

Case Laws     Income Tax

March 2, 2019

No penalty levied u/s. 271(1)(c) if assessee has made complete disclosure of details of claim in Accounts as well as return. Further if claim is a debatable and there was no loss to revenue, no penalty is leviable.

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