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Income Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Levy of penalty u/s 271(1)(c) - where higher depreciation was ...

Income Tax

October 10, 2018

Levy of penalty u/s 271(1)(c) - where higher depreciation was wrongly claimed under bona fide belief in respect of nature of equipment and its professional use, no penalty would be leviable.

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