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Income Tax - Highlights / Catch Notes

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Penalty u/s 271(1)(c) - Penalty in dispute has been imposed is ...

Income Tax

August 17, 2013

Penalty u/s 271(1)(c) - Penalty in dispute has been imposed is purely on estimation basis and the Assessing Officer has not brought any material on record to establish any mala fide intention of the assessee to evade tax - no penalty - AT

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