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Income Tax - Highlights / Catch Notes

Home Highlights October 2012 Year 2012 This

Penalty u/s 158BFA(2) - merely because the part of the addition ...

Income Tax

October 30, 2012

Penalty u/s 158BFA(2) - merely because the part of the addition has been confirmed by the Tribunal and the assessee has not filed appeal before the Hon’ble High Court does not mean that the assessee is liable to penalty u/s 158 BFA(2). - AT

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  4. Penalty under Section 158BFA (2) is not mandatory. - HC

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  10. Interest under Section 158BFA(1) - No authority has power to reduce or waive the interest levied under Section 158BFA for the block assessment - HC

 

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