Can penalty under section 271(1)(c) be imposed for any unsustainable deduction made under sec 36 to 41 under PGBP!!!
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Penalty for unsustainable claims made under PGBP
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Dear Vinay,
Answer is "No".
This issue has been decided by the Honble SC in the case of Reliance Petroproducts
https://www.shubham-consult.co.cc/2010/03/legal-update-no-sec2711c-penalty-even.html
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