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Income Tax - Highlights / Catch Notes

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Penalty u/s 271-B - failure to get accounts audited - Under ...


Income Tax Authorities Must Exercise Fairness in Imposing Penalties for Audit Failures u/s 271B.

October 29, 2012

Case Laws     Income Tax     HC

Penalty u/s 271-B - failure to get accounts audited - Under Section 271B there is discretion with the income tax authorities to award penalty and this discretion has to be exercised fairly and reasonably - HC

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