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Income Tax - Highlights / Catch Notes

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Penalty u/s 271(1)(c) - Concealment of income - Evasion of Tax - ...

Case Laws     Income Tax

January 5, 2013

Penalty u/s 271(1)(c) - Concealment of income - Evasion of Tax - even after such disallowance, tax finally required to be paid, as per Section 115 JB of the Act, would remain the same. It cannot be stated that the assessee evaded tax. - HC

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