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Income Tax - Highlights / Catch Notes

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Penalty u/s 271B - there is some force in the argument of the ...

Income Tax

October 10, 2016

Penalty u/s 271B - there is some force in the argument of the assessee that without the audit of the accounts for A.Y. 2007-08 the audit of the accounts for A.Y. 2008-09 could not have been done - this is not a fit case for levy of penalty u/s. 271B - AT

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