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ITAT slams revenue for invoking sec. 194C on sums paid to NR shipping companies
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Corporate Tax
ITAT slams revenue for invoking sec. 194C on sums paid to NR shipping companies
Posted on
on
December 19, 2013
Tenet Tax Daily December 12 2013
By
tenettax-team
Corporate Tax
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Even information from CBI won’t authorize search unless it is based on reasons given under sec. 132(1)
Wrong claim made merely due to misinterpretation of amended provision won’t attract concealment penalty
