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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Levy of penalty u/s 271(1) - where the actual sale consideration ...

Income Tax

August 7, 2015

Levy of penalty u/s 271(1) - where the actual sale consideration is replaced by the sale consideration determined as per DM circle rate under the deeming provisions of section 50C, the same cannot be basis for levy of penalty under section 271(1)(C) of the Act. - AT

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