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Ignorance of compliance provision couldn’t be said to be reasonable cause to delete penalty: ITAT
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Corporate Tax
Ignorance of compliance provision couldn’t be said to be reasonable cause to delete penalty: ITAT
Posted on
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October 27, 2017
Tenet Tax Daily October 27 2017
By
tenettax-team
Corporate Tax
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ITAT remanded matter as addition was deleted without giving opportunity to AO to verify evidence filed before CIT
No concealment penalty if partner had bona fide belief that firm had invested his capital gains in new property
