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Income Tax - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

The claim of the assessee cannot be considered as false to ...


Penalty u/s 271(1)(c) of Income Tax Act Deleted; Claim Not Deemed False or Warranting Penalty.

March 30, 2013

Case Laws     Income Tax     AT

The claim of the assessee cannot be considered as false to attract the rigours of penalty u/s 271(1)( c) which is quasi criminal in nature and accordingly deleted the penalty. - AT

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