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Income Tax - Highlights / Catch Notes

Home Highlights June 2020 Year 2020 This

Penalty u/s 271(1)(c) - Disallowance of cash received - Merely, ...

Income Tax

June 23, 2020

Penalty u/s 271(1)(c) - Disallowance of cash received - Merely, holding that confirmation in respect of unsecured loan, receipt of cash and insurance commission clearly fall within the ambit of concealment is not sufficient.

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