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Income Tax - Highlights / Catch Notes

Home Highlights November 2014 Year 2014 This

Penalty u/s 271(1)(c) deleted – the act of the assessee was ...


Assessee's Penalty Removed u/s 271(1)(c) Due to Bona Fide Actions Despite Unproven Capital Receipt Claim.

November 27, 2014

Case Laws     Income Tax     HC

Penalty u/s 271(1)(c) deleted – the act of the assessee was bonafide even though the assessee may have failed to substantiate its claim that the amount was capital receipt - HC

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