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Income Tax - Highlights / Catch Notes

Home Highlights November 2012 Year 2012 This

Penalty u/s 271 - suppression of turnover - The suppression of ...


No Penalty for Turnover Suppression: Taxes Paid with Interest Before Section 148 Notice, Avoids Section 271 Penalty.

November 17, 2012

Case Laws     Income Tax     HC

Penalty u/s 271 - suppression of turnover - The suppression of turnover is different from the suppression of income. - taxes with interest paid after survey but before notice u/s 148 - no penalty - HC

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