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Income Tax - Highlights / Catch Notes

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Penalty u/s 271(1)(c) of the Income Tax Act – short term capital ...

Income Tax

October 9, 2013

Penalty u/s 271(1)(c) of the Income Tax Act – short term capital gains was not disclosed in the return of income - levy of penalty confirmed - AT

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  10. Penalty u/s 271(1)(c) - The assessee had short term capital gain on sale of land which was wrongly claimed as long term capital gain by substituting year of acquisition...

 

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