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Income Tax - Highlights / Catch Notes

Home Highlights November 2019 Year 2019 This

Penalty u/s. 271AAB - value of excess stock considered to be ...

Income Tax

November 5, 2019

Penalty u/s. 271AAB - value of excess stock considered to be ‘undisclosed income’ - there is no merit in the argument that the excess stock found noted in the stock inspection report prepared by the internal team of the assessee constituted ‘undisclosed income’ unearthed as a consequence of search.

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