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Assessee has claimed the expenses of foreign travelling of both the directors who are husband and wife - Allowability of said expense is a debatable issue - penalty u/s 271(1)(c) can not be imposed

Income Tax - Assessee has claimed the expenses of foreign travelling of both the directors who are husband and wife - Allowability of said expense is a debatable issue - penalty u/s 271(1)(c) can not be imposed - TMI Tax Updates - Highlights .....

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