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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Penalty u/s 221 - The assessee has not sufficient funds on the ...

Income Tax

January 26, 2014

Penalty u/s 221 - The assessee has not sufficient funds on the date of return of income to pay tax - The levy of penalty under section 221 is discretionary in view of the second proviso to section 221 - AT

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