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Income Tax - Highlights / Catch Notes

Home Highlights April 2012 Year 2012 This

Return of seized assets - When statute recognizes the ...

Income Tax

April 11, 2012

Return of seized assets - When statute recognizes the entitlement of the department to apply the asset seized towards the tax liability determined,which includes penalty, it is puerile to contend that the statute obliges the respondents to return the same on determination of the tax liability and before levying the penalty - HC

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