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Income Tax - Highlights / Catch Notes

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Penalty u/s 271(1)(c) - claim of entire interest as deduction ...

Income Tax

February 11, 2017

Penalty u/s 271(1)(c) - claim of entire interest as deduction u/s 24 under the head income from house property - assessee had filed the revised return of income by paying the balance due tax on the amount excessive claimed against the restriction of deduction to the extent of ₹ 1.50 lacs - No penalty - AT

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