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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

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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