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Income Tax - Highlights / Catch Notes

Home Highlights February 2014 Year 2014 This

Penalty u/s 271(1)(b) of the Act – penalty will not ordinarily ...


Penalty u/s 271(1)(b) of Income Tax Act: Imposed Only for Deliberate Defiance or Dishonest Conduct.

February 14, 2014

Case Laws     Income Tax     AT

Penalty u/s 271(1)(b) of the Act – penalty will not ordinarily be imposed unless the party obliged either acted deliberately in defiance of law or was guilty of conduct contumacious or dishonest, or acted in conscious disregard of its obligation - AT

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