Judgements by CA Praveen Chopra

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Penalty-Concealment of income

  CA Praveen Chopra    16 March 2008 at 21:04

The penalty U/s 271(1)(c)of the Income Tax Act 1961 could not be imposed on the assessee since it was under a bona fide belief that income on sale of debentures was taxable as capital gains. Further such gains had been treated ascapital gains in earl

Posted in Income Tax |   80 Views



Posted in Income Tax |   229 Views