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Concealment penalty on assessee upheld on his failure to explain source of flats acquired and shown in return
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Corporate Tax
Concealment penalty on assessee upheld on his failure to explain source of flats acquired and shown in return
Posted on
on
December 8, 2014
Tenet Tax Daily December 08 2014
By
tenettax-team
Corporate Tax
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HC denies to condone delay due to death of counsel as assessee delayed to appeal by 4 years after death of counsel
Advances disclosed in returns and subsequently adjusted against sales couldn’t be deemed as undisclosed income