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Income Tax - Highlights / Catch Notes

Home Highlights January 2012 Year 2012 This

Penalty u/s 271(1)(c) - Though he is an individual and he is not ...

Income Tax

January 5, 2012

Penalty u/s 271(1)(c) - Though he is an individual and he is not expected to maintain accounts showing the current assets and liabilities, income etc., his explanation that he was innocent and he was not aware of the legal requirement cannot be accepted.... - HC

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