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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Penalty 271(1)(c) - Whether or not a person has acted bona fide ...


Good Faith and Mindset Key in Assessing Penalty 271(1)(c); Challenges in Proving Intent Impact Outcomes.

February 26, 2015

Case Laws     Income Tax     AT

Penalty 271(1)(c) - Whether or not a person has acted bona fide reflects the state of his mind in respect of his conduct, and, therefore, the assessee has his inherent limitations in establishing this aspect of the manner. - AT

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