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AO couldn’t make reassessment on mere suspicion due to huge cash withdrawal by assessee from bank
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Corporate Tax
AO couldn’t make reassessment on mere suspicion due to huge cash withdrawal by assessee from bank
Posted on
on
August 6, 2016
Tenet Tax Daily July 26 2016
By
tenettax-team
Corporate Tax
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Compounding fee paid to RBI isn’t in nature of penalty; eligible for deduction
Penalty levied on ‘Muthoot bankers’ as it failed to establish reasonable cause for not complying with TDS provisions
