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No concealment penalty if partner had bona fide belief that firm had invested his capital gains in new property
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Corporate Tax
No concealment penalty if partner had bona fide belief that firm had invested his capital gains in new property
Posted on
on
October 28, 2017
Tenet Tax Daily October 28 2017
By
tenettax-team
Corporate Tax
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Ignorance of compliance provision couldn’t be said to be reasonable cause to delete penalty: ITAT
No reassessment merely on information supplied by Investigation Wing if all facts were disclosed at original assessment
