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Income Tax - Highlights / Catch Notes

Home Highlights July 2013 Year 2013 This

Penalty u/s 271(1)(c) - Adhoc disallowance of 50% out of ...

Case Laws     Income Tax

July 17, 2013

Penalty u/s 271(1)(c) - Adhoc disallowance of 50% out of miscellaneous expenses was made by the A.O. on estimated basis - said estimate was revised by the CIT(A) to 10% - No penalty - AT

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