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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Levy of Penalty for advances received against the export of ...

Case Laws     Income Tax

August 20, 2019

Levy of Penalty for advances received against the export of goods - more than 3 years gone - The assessee could not give any explanation even before us that why till date no export has been made or the advance received has been refunded back - Penalty confirmed.

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