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Income Tax - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Penalty u/s 271AAA - assessee was asked to explain the entries ...

Income Tax

August 23, 2013

Penalty u/s 271AAA - assessee was asked to explain the entries in the 'work-in-progress sheet' - assessee was not asked about the manner in which such income was earned and also to substantiate the manner in which undisclosed income was derived - No penalty - AT

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