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No concealment penalty u/s 271(1)(c) on mere disallowance of a claim if full details were disclosed in return
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Corporate Tax
No concealment penalty u/s 271(1)(c) on mere disallowance of a claim if full details were disclosed in return
Posted on
on
July 16, 2013
Tenet Tax Daily July 16 2013
By
tenettax-team
Corporate Tax
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Subsidiary company is not a ‘related person’ for sec. 40A(2)
Payment for downloading licensed software is payment of ‘royalty’ subject to withholding tax