Penalty Imposed for Claiming Exemption Without STT Payment and Incomplete Disclosure Under Income Tax Act Section 271(1)(c.

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....Penalty u/s 271(1)(c) – Claim of exemption u/s 10(38) where no STT was paid - the assessee having not disclosed fully and truly all the material facts relevant to the said claim liable for penalty u/s 271(1)(c). - AT....