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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Levy of penalty u/s 271(1)(c) - disallowance of expenses of ...

Income Tax

February 1, 2017

Levy of penalty u/s 271(1)(c) - disallowance of expenses of foreign Travel expenses and inter city travel expenses - Revenue has not rejected the explanation of the assessee and merely levied the penalty on the basis that the expenses are for non-business purposes - No penalty - AT

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