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Income Tax - Highlights / Catch Notes

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Penalty u/s 271(1)(c) - The assessee has not failed to offer any ...

Income Tax

August 3, 2013

Penalty u/s 271(1)(c) - The assessee has not failed to offer any explanation and the explanation of the assessee was not found to be false & has made bona-fide explanation based upon the entries in books of account maintained of the earlier years. - No penalty - AT

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