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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Penalty u/s 271(1)(c) - The assessee’s belief that assessee was ...

Income Tax

September 12, 2018

Penalty u/s 271(1)(c) - The assessee’s belief that assessee was entitled for depreciation out of purchase made from capital contribution received from Government was bonafide. - no case is there for furnishing of inaccurate particulars of income or concealment of income.

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