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Income Tax - Highlights / Catch Notes

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Penalty u/s. 271AAB - no search has been initiated u/s 132 but ...

Income Tax

January 6, 2020

Penalty u/s. 271AAB - no search has been initiated u/s 132 but was conduced on different assessee - nowhere in the Assessment Orders, it has been mentioned that search was initiated in assessee’s case - the penalty proceedings initiated u/s. 271AAB as against the provisions of statute.

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