High Court Confirms Penalty u/s 271(1)(c) for False Refund Claim and Encashment by Assessee.

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....Penalty u/s 271(1)(c) - The bald allegations against the counsel do not lend credence to the story of the assessee - He had not only made claim for false refund but had also received the refund and encashed it - Penalty confirmred - HC....