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No penalty for non-disclosure of ‘FTS’ if its taxability was determined by AO after interpreting DTAA

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Posted onon November 14, 2016

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By tenettax-team
Corporate Tax

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Allotment of shares in public issue and their sale couldn’t be held as speculative business
AO rightly raised demand on deductor on its failure to apply 20% TDS rate when payee had furnished wrong PAN: ITAT

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