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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Penalty levied u/s.271(1)(c) - excess expenses disallowed and ...

Income Tax

November 29, 2018

Penalty levied u/s.271(1)(c) - excess expenses disallowed and suppression of receipts - being bonafide mistake in accounting the total contract receipts, no penalty.

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  8. Levy of penalty u/s 271(1)(c) on unrecorded receipts, expenditure and investments declared by the assessee pursuant to search confirmed - AT

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