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Income Tax - Highlights / Catch Notes

Home Highlights December 2017 Year 2017 This

Penalty u/s 271(1)(c) - bogus purchase found during search - as ...

Income Tax

December 18, 2017

Penalty u/s 271(1)(c) - bogus purchase found during search - as per a specific provision of explanation 5A assessee has been found to be owner of undisclosed income by furnishing inaccurate particulars of income, based upon entry of bogus purchases in its books of account - penalty confirmed - AT

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