Case Study: Income Tax Act 1961


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This case study examines a crucial question under the Income Tax Act 1961: can an assessee be absolved from penalties for concealment of income if they surrender their income during a survey? It delves into Section 271(1)(c) and its explanations, analysing various High Court and Supreme Court rulings. The document explores whether a voluntary surrender to avoid litigation constitutes a defence against penalty, providing insights for tax professionals and individuals facing assessment proceedings.

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Case Study: Income Tax Act 1961 #pdf
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