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No penalty for Concealment if mistake was bona fide and rectified prior to initiation of assessment
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Corporate Tax
No penalty for Concealment if mistake was bona fide and rectified prior to initiation of assessment
Posted on
on
August 22, 2013
Tenet Tax Daily August 22 2013
By
tenettax-team
Corporate Tax
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Sec. 43B does not disallow an expense which has not been claimed in the return by the assessee
Sum incurred mainly on advertisement to promote sales is an allowable revenue expenditure
