TMI BlogPenalty u/s 271(1)(c) - a disproved explanation of the assessee would undoubtedly lead to levy of...Penalty u/s 271(1)(c) - a disproved explanation of the assessee would undoubtedly lead to levy of penalty under Sec. 271(1)(c), however, the same would not be applicable as regards an unproved explanation - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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