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No concealment penalty on assessee when it had declared capital gains but disputed its tax liability

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  • No concealment penalty on assessee when it had declared capital gains but disputed its tax liability
Posted onon December 26, 2014

Tenet Tax Daily December 25 2014

By tenettax-team
Corporate Tax

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Rental income from property equipped with specialized machinery is house property income and not business income
No TDS disallowance on payment of taxes by payee; proviso to sec. 40(a)(ia) effective prospectively from 1.4.2013

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