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Income Tax - Highlights / Catch Notes

Home Highlights November 2012 Year 2012 This

Penalty u/s. 271(1)(c) - Claim of any expenditure has to be ...

Income Tax

November 1, 2012

Penalty u/s. 271(1)(c) - Claim of any expenditure has to be proved with corroborative evidence - Entries in the books of accounts or auditors reports or Board of Directors Meeting cannot take place of a piece of genuine evidence. - penalty confirmed - AT

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