Deliberate Tax Violations Compared to Running Red Lights: Consequences u/s 271(1)(c) of Income Tax Act.
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....Penalty u/s 271(1)(c) - An assessee making a blatantly inadmissible claim is like a car driver who crosses the red light at the traffic signal and takes a chance of not being caught and not being penalised by the authorities implementing law. - AT....
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