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Income Tax - Highlights / Catch Notes

Home Highlights September 2012 Year 2012 This

Penalty u/s 271 - Bank has not calculated the interest over the ...

Case Laws     Income Tax

September 23, 2012

Penalty u/s 271 - Bank has not calculated the interest over the years possibly for the reason that, in its Accounts, this amount was classified as 'NPA', thus Section 271(1)(c) is not applicable - SC

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