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Income Tax - Highlights / Catch Notes

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Penalty u/s 271(1)(c) - Deduction u/s 80IA - Dubious and ...

Income Tax

August 9, 2013

Penalty u/s 271(1)(c) - Deduction u/s 80IA - Dubious and fanciful claims under the garb of interpretation, are a mere pretence and not bonafide - assessees had not carried out the work but had sub-contracted the same to a third party/parties - Levy of penalty confirmed. - HC

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