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AO can’t slap concealment penalty on assessee merely for claiming expenditure on basis of Apex’s Court verdict
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AO can’t slap concealment penalty on assessee merely for claiming expenditure on basis of Apex’s Court verdict
Posted on
on
December 26, 2013
Tenet Tax Daily December 26 2013
By
tenettax-team
Corporate Tax
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AO can’t open his office in assessee’s front yard and summon him to give statement for IT proceedings
ITAT’s order couldn’t be reviewed due to fresh arguments raised by assessee unless there was apparent mistake