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Income Tax - Highlights / Catch Notes

Home Highlights May 2014 Year 2014 This

Penalty u/s 271(1)(c) - Disallowance of claim of various ...

Income Tax

May 21, 2014

Penalty u/s 271(1)(c) - Disallowance of claim of various expenses – The assessee has huge accumulated losses and depreciation which further strengthen the view that there was no incentive for assessee to make such claims for the benefit of tax - no penalty - AT

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