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Income Tax - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

Penalty u/s 271(1)(c) – assessee has bonafide belief in making ...


Taxpayer Avoids Penalty Due to Genuine Belief in Exemption on Agricultural Land Sale Gains u/s 271(1)(c.

October 13, 2014

Case Laws     Income Tax     AT

Penalty u/s 271(1)(c) – assessee has bonafide belief in making the claim that gain arising out of sale of agricultural land is exempt from tax - no penalty - AT

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