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Income Tax - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Penalty u/s 271(1)(c) - assessee had not withheld any relevant ...

Case Laws     Income Tax

May 27, 2019

Penalty u/s 271(1)(c) - assessee had not withheld any relevant information regarding the short term capital gains from the AO which was based on the valuation report of an architect which was partly accepted by the Ld. CIT (A) - there is no factual finding that the assessee had furnished any inaccurate particulars while bifurcating the value between land and buildings while computing STCG - no penalty

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