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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Immunity from penalty - statements u/s 132(4) - AO denied ...


Immunity from Penalty Granted Despite Late Tax Payment Under Income Tax Act Section 271(1)(c) Explanation Clause 5(2.

April 30, 2019

Case Laws     Income Tax     HC

Immunity from penalty - statements u/s 132(4) - AO denied Immunity alleging that admitted tax liability was not paid in the returns filed u/s 153C - no time frame fixed in Clause 5(2) of the Explanation u/s 271(1)(c)for payment of tax - immunity granted even if paid tax belatedly

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