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Penalty u/s 271(1)(c)

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(Querist)
16 December 2010 if particular expenses rightly disallowed by the A.O. during the course of assessment U/S 40a(ia) , would attract penalty provision U/s 271(1)(c)

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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
16 December 2010 sec 271(1)(c) is applicable in case of concealment of income.

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