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Income Tax - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Imposition of penalty u/s 271(1)(c) – mere admission of appeal ...

Income Tax

September 16, 2014

Imposition of penalty u/s 271(1)(c) – mere admission of appeal by the High Court is sufficient to debar the penalty levied u/s.271(1)(c) of the Act - AT

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  7. Whether levy of penalty u/S 271(1)(c) of the Income Tax Act is automatic – Imposition of penalty is not automatic. - HC

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  9. Penalty u/s 271(1)(c) - When the addition was set aside, there was no question of imposition of penalty - HC

  10. Imposition of Penalty u/s 271(1)(c) - The explanation given by the assessee for the depreciation claim, is neither bona-fide, nor substantiated - penalty confirmed - HC

 

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