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Income Tax - Highlights / Catch Notes

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Penalty u/s 271(1)(c) - addition made on account of writing off ...

Income Tax

April 27, 2016

Penalty u/s 271(1)(c) - addition made on account of writing off unused hologram - assessee was of bonafide belief that writing off of unused hologram is legal since it cannot be used next year, thus the claim of the assessee is not bogus. - No penalty imposed - AT

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