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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Penalty u/s 271(1)(c) - agreed addition based on statement in ...

Income Tax

July 5, 2019

Penalty u/s 271(1)(c) - agreed addition based on statement in survey u/s 133A - since the assessee has explained the circumstances under which the addition in question has been made and further established that the explanation is bonafide and it has disclosed all the facts material to the computation of its total income - no penalty

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