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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Deleting penalty u/s 13 of Interest Tax Act. 1974 - ‘bill ...

Income Tax

July 12, 2012

Deleting penalty u/s 13 of Interest Tax Act. 1974 - ‘bill discounting charges’ have to be computed and included in interest - Penalty levied - This is not the case of a bonafide, honest or even plausible different interpretation. - penalty confirmed - HC

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