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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Penalty under section 271(1)(c) - unaccounted donations - there ...

Income Tax

July 1, 2015

Penalty under section 271(1)(c) - unaccounted donations - there was no explanation at the end of assessee for not showing these donations as its income in the original return(s) or in the return(s) filed in response to notice under section 153C. - penalty confirmed - AT

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  8. Imposition of Penalty u/s 271(1)(c) - The explanation given by the assessee for the depreciation claim, is neither bona-fide, nor substantiated - penalty confirmed - HC

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