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No concealment penalty on mere TP adjustment if such issue was of debatable nature
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International Tax
No concealment penalty on mere TP adjustment if such issue was of debatable nature
Posted on
on
January 15, 2014
Tenet Tax Daily January 13 2014
By
tenettax-team
International Tax
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Non-confirmation of sums by creditor does not warrant sec. 68 addition if genuineness & identity are proved
Provision for gratuity and leave encashment not a contingent liability but deductible as business expense
