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Income Tax - Highlights / Catch Notes

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Levy of penalty u/s 271(1)(c) - Disallowances against Credit ...


Penalty u/s 271(1)(c) Overturned: No Concealment Found in Credit Card and Computer Expense Deductions.

June 30, 2023

Case Laws     Income Tax     AT

Levy of penalty u/s 271(1)(c) - Disallowances against Credit card expense and computer expenses - considering the amount involve, the contention of the revenue authority that the assessee concealed his income by claiming deduction of impugned credit card expense and computer expenses, cannot be accepted. - AT

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