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Income Tax - Highlights / Catch Notes

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Levy of penalty on disallowances on account of provision for ...

Income Tax

April 6, 2016

Levy of penalty on disallowances on account of provision for gratuity - It s not a case of voluntary and suo moto disclosure of income. It is also not a case where the mistake can be said to be bonafide, as relevant evidences in the shape of ledger accounts were not furnished - levy of penalty confirmed - AT

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