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Income Tax - Highlights / Catch Notes

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Penalty levied u/s 271(1)(c) - Even if it is considered for a ...

Income Tax

January 12, 2016

Penalty levied u/s 271(1)(c) - Even if it is considered for a moment to be a case of furnishing of inaccurate particulars of income, the same has been caused due to a clerical mistake committed by the clerk who fed the details into the computer - the case does not warrant levy of penalty u/s 271(1)(c) - AT

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  10. Penalty u/s 271(1)(c) - the fact that assessee has furnished inaccurate particulars for the purpose of determining the tax u/s 115JB stands established - penalty confirmed - HC

 

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