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Issue Id: 2997
Penalty on addition of 40A(b)
The A.O. has  made addtion u/s. 40A(b) on account  excess interest payment to relative (18%-12%= 6%. Penalty u/s. 271(1)(c) can ... Read Full Issue
Income Tax
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Date 07 May 2011
Replies 1 Reply
Views 1380 Views
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geetha menon
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Organization
Organization

income tax department

Connected
Connected

May 2011