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Income Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Levy of penalty u/s 271(1)(c) - the purchases made by the ...

Income Tax

October 13, 2018

Levy of penalty u/s 271(1)(c) - the purchases made by the assessee to some extent are non-genuine, and therefore profit element involved in such purchases deserves to be assessed as income of the assessee - No Penalty.

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