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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