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Income Tax - Highlights / Catch Notes

Home Highlights June 2014 Year 2014 This

Levy of penalty u/s 271(1)(c) - gift was received under bona ...

Income Tax

June 19, 2014

Levy of penalty u/s 271(1)(c) - gift was received under bona fide belief that the same was a genuine gift - it was taxed during assessment proceedings but the penalty u/s 271(1)(C) cannot be levied automatically - AT

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