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Discussion > Income Tax >

Concealment penalty

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student

[ Scorecard : 1623] 		Posted On 04 February 2013 at 19:42 Report Abuse

Concealment penalty levied as assessee claimed depreciation on properties not used in his business :

 Where assessee made frivolous claim of depreciation in respect of property which was not used for purpose of business, penalty was leviable under section 271(1)(c)

 


 

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