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No Penalty Imposed u/s 271(1)(c) as Salary Income Not Discovered During Tax Search.

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....Penalty u/s 271(1)(c) - Salary income - The dispute is not that the salary income was not offered to tax by assessee in his return of income which is an admitted position but the question is whether such salary income has been found during the course of search and the answer to that in not in affirmative. - No penalty.....

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No Penalty Imposed u/s 271(1)(c) as Salary Income Not Discovered During Tax Search.