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No Penalty Imposed: Assessee's Bona Fide Surrender Accepted for Missing Parties u/s 271(1)(c.
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....Penalty u/s 271(1)(c) - It was only when the A.O. asked the assessee to produce all the 45 parties before him, the assessee not finding it feasible and being unable to comply, made a bonafide surrender of the total amount qua them. - No penalty - AT....
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