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Income Tax - Highlights / Catch Notes

Home Highlights October 2012 Year 2012 This

Penalty u/s 271(1)(c) - surrender was not voluntary - assessee ...


Penalty Upheld u/s 271(1)(c) Due to Non-Voluntary Surrender and Unexplained Income Discrepancy by Assessee.

October 13, 2012

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) - surrender was not voluntary - assessee failed to explain the difference between the assessed income and returned income - penalty confirmed - AT

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