TMI BlogPenalty Confirmed for Concealment of Income u/s 271(1)(c) of Income Tax Act to Recover Lost Revenue.Penalty u/s 271(1)(c) – the section has been enacted to provide for a remedy for loss of revenue, by reason of concealment of particulars of income - penalty confirmed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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