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Income Tax - Highlights / Catch Notes

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Penalty u/s 271(1)(c) - In our country’s legal and ...

Income Tax

July 19, 2016

Penalty u/s 271(1)(c) - In our country’s legal and constitutional frame work, the role assigned to the income tax department is to act like a ‘watch dog’ to ensure that tax evasion is checked and legitimate tax collection is augmented, but not to act like a ‘scare crow’. - AT

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