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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Levy of penalty u/s 271(1)(c) - unexplained cash deposits - No ...

Income Tax

September 5, 2014

Levy of penalty u/s 271(1)(c) - unexplained cash deposits - No entry in the cash book appeared - as there was no proper explanation by the assessee showing that the transaction was bona fide, penalty confirmed - HC

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