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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

Levy of penalty u/s 271(1)(c) - deduction u/s 80IB - One’s own ...

Income Tax

September 21, 2016

Levy of penalty u/s 271(1)(c) - deduction u/s 80IB - One’s own mistake or delay can’t be used to advance one’s cause. In law, nobody can claim the benefit of delays or mistakes on his own part; though it may advance the cause of the other side - AT

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  9. Imposition of penalty u/s 271(1)(c) – mere admission of appeal by the High Court is sufficient to debar the penalty levied u/s.271(1)(c) of the Act - AT

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