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Income Tax - Highlights / Catch Notes

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Levy of penalty u/s 271B - it is not the case of persistent ...


Penalty Not Imposed u/s 271B Due to Inadvertence and Bona Fide Belief, Non-Compliance With Section 44AB Explained.

July 26, 2012

Case Laws     Income Tax     AT

Levy of penalty u/s 271B - it is not the case of persistent default but due to inadvertence and bonafide belief and having lack of knowledge, the assessee could not comply with the provisions of sec 44AB - no penalty - AT

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