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Penalty u/s 271(1)(c) - assessee failed to explain the genuine credits/liability in books of account on the matter in issue and has therefore, furnished inaccurate particulars of income so as to invite levy of the penalty - HC

Income Tax - Penalty u/s 271(1)(c) - assessee failed to explain the genuine credits/liability in books of account on the matter in issue and has therefore, furnished inaccurate particulars of income so as to invite levy of the penalty - HC - TMI Updates - Highlights .....

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