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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Penalty imposed u/s 271(1)(c) - additional income disclosed in ...


High Court Rules No Need to Classify Cases Under Explanation 5 of Section 271(1)(c) for Additional Income Disclosure.

August 31, 2012

Case Laws     Income Tax     HC

Penalty imposed u/s 271(1)(c) - additional income disclosed in response to the notice u/s 153C - There was absolutely no need to try and bring the cases under Explanation 5 of section 271(1)(c). - HC

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