Penalty for deeming provisions addition

This query is : Resolved 

22 March 2015 in scrutiny assessment, officer has made addition applying deeming provisions of section 14 A. can penalty leviable in on such type addition

29 March 2015 NO PENALTY IS LEVIABLE ON DEEMED INCOME AS HELD BY THE CALCUTTA HIGH COURT IN THE CASE OF MADAN THEATRE.



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