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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Penalty u/s 271)1)(c) - penalty for furnishing inaccurate ...


No penalty u/s 271(1)(c) for inaccurate income details if net profit rate is estimated.

December 31, 2018

Case Laws     Income Tax     AT

Penalty u/s 271)1)(c) - penalty for furnishing inaccurate particulars of income can neither be imposed nor sustained on enhancement of net profit rate based on an estimate

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