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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Levy of penalty u/s. 271(1)(c) - suppression of turnover - ...


Penalty Imposed for Turnover Suppression u/s 271(1)(c); Minimum Rate Set at 100% of Evaded Tax Confirmed.

April 10, 2019

Case Laws     Income Tax     AT

Levy of penalty u/s. 271(1)(c) - suppression of turnover - penalty imposed at the minimum amount of 100% of the tax sought to be evaded - The penalty imposed for both the years is at the minimum rate, confirmed.

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