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Income Tax - Highlights / Catch Notes

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Penalty u/s 271(1)(c) - bogus purchases - If the assessee has ...

Income Tax

April 11, 2019

Penalty u/s 271(1)(c) - bogus purchases - If the assessee has submitted all the documentary evidences to substantiate the purchases so made then merely making of estimated addition of 15% will not attract the penalty

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