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Income Tax - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Levy of Penalty u/s.271(1)(c) - the explanation of the assessee ...


No penalty for not filing tax returns as bona fide explanation accepted u/s 271(1)(c).

June 12, 2015

Case Laws     Income Tax     AT

Levy of Penalty u/s.271(1)(c) - the explanation of the assessee is bonafide for not filing the returns of income for both these assessment years - no penalty can be levied on the assessee on the charge of concealing the particulars of income - AT

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