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    <title>2018 (1) TMI 116 - CESTAT NEW DELHI</title>
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    <description>The Tribunal upheld the tax demand for the normal period, directing a re-quantification of the tax liability with the correct tax rate. The appeal was disposed of with these terms, emphasizing the importance of accurate calculations and considering the appellant&#039;s status in determining tax liability and penalties. The demand for the extended period was not sustained, and penalties were set aside, restricting the demand to the normal period as per Section 73(1).</description>
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      <link>https://www.taxtmi.com/caselaws?id=353380</link>
      <description>The Tribunal upheld the tax demand for the normal period, directing a re-quantification of the tax liability with the correct tax rate. The appeal was disposed of with these terms, emphasizing the importance of accurate calculations and considering the appellant&#039;s status in determining tax liability and penalties. The demand for the extended period was not sustained, and penalties were set aside, restricting the demand to the normal period as per Section 73(1).</description>
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      <pubDate>Wed, 27 Dec 2017 00:00:00 +0530</pubDate>
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