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Income Tax - Highlights / Catch Notes

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Penalty u/s 271(1)(c) - Concealment of income or not? - validity ...

Income Tax

August 14, 2023

Penalty u/s 271(1)(c) - Concealment of income or not? - validity of notice - Tribunal is correct, both with regard to the fact there had been no concealment, as also concerning the view taken by it that the penalty proceedings did not indicate the limb under which the penalty was sought to be levied on the respondent/assessee. - HC

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