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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Penalty u/s 271(1)(c) - wrong claim of having received a cash ...

Case Laws     Income Tax

November 14, 2019

Penalty u/s 271(1)(c) - wrong claim of having received a cash gift from relative - assessee had failed to place on record any documentary evidence which would substantiate the genuineness of the gift transaction - Levy of penalty confirmed.

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