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No concealment penalty if sec. 54 relief was disallowed on ground that property sold wasn’t residential
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Corporate Tax
No concealment penalty if sec. 54 relief was disallowed on ground that property sold wasn’t residential
Posted on
on
October 16, 2018
Tenet Tax Daily October 13 2018
By
tenettax-team
Corporate Tax
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Indian Co. couldn’t be treated as agent if its shares held by foreign co. were sold to another foreign Co.
AO couldn’t reject books of account just because there was fall in gross profit rate
