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Income Tax - Highlights / Catch Notes

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Penalty u/s 271(1)(c) - Necessity of recording satisfaction - AO ...

Income Tax

April 24, 2023

Penalty u/s 271(1)(c) - Necessity of recording satisfaction - AO Statement that the assessee has consciously made the concealment by furnishing inaccurate particulars of his income is very vague and mixing up both the default of concealment as well as furnishing inaccurate particulars of income. - AT

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