Penalty Confirmed u/s 271(1)(c) for Lack of Evidence in Expenditure Claim; Books and Reports Insufficient Proof.

Penalty u/s. 271(1)(c) - Claim of any expenditure has to be proved with corroborative evidence - Entries in the books of accounts or auditors reports or Board of Directors Meeting cannot take place of a piece of genuine evidence. - penalty confirmed - AT .....

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