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Income Tax - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

Levy of penalty u/s 271(1)(c) - wrong claim of set off of loss ...

Income Tax

August 18, 2016

Levy of penalty u/s 271(1)(c) - wrong claim of set off of loss of father - there is no revenue loss to the Department for the reason that both the assessee as well as her father are under same tax bracket/slab of tax - No penalty - AT

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