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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Penalty levied u/s 271(1)(c) - it is a case of misunderstanding ...

Case Laws     Income Tax

April 28, 2017

Penalty levied u/s 271(1)(c) - it is a case of misunderstanding the statutory provision by the assessee and the officers. The assessee understood the provision of exemption u/s 10B in a particular manner and the Assessing Officer has understood the same in another manner - No penalty - AT

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