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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Penalty u/s 271(1)(c) - assessee has made a claim, which is one ...

Income Tax

April 4, 2017

Penalty u/s 271(1)(c) - assessee has made a claim, which is one of the arguable claims, but assessee in its own wisdom, withdrawn that claim During the course of assessment proceedings itself, but it cannot be said that the claim of the assessee was wrong or false - no penalty - AT

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