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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Penalty u/s.158BFA(2) - Assessee has failed to pay the tax in ...

Income Tax

May 1, 2015

Penalty u/s.158BFA(2) - Assessee has failed to pay the tax in its entirety on the undisclosed income - the provisions of law uses the word 'May' and not the word 'Shall' - No penalty - HC

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