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Income Tax - Highlights / Catch Notes

Home Highlights December 2012 Year 2012 This

Imposition of Penalty u/s 271(1)(c) - The explanation given by ...

Income Tax

December 12, 2012

Imposition of Penalty u/s 271(1)(c) - The explanation given by the assessee for the depreciation claim, is neither bona-fide, nor substantiated - penalty confirmed - HC

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  9. Penalty u/s 271(1)(c) - Held that:- Wrongful claim of depreciation - The attempts made by the assessee are indicative of frivolous nature of claim - penalty confirmed - AT

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