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  • No penalty if assessee offers undisclosed income to tax in return filed pursuant to search of another person
Posted onon October 28, 2014

Tenet Tax Daily October 22 2014

By tenettax-team
Corporate Tax

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Deductor couldn’t be treated as an assessee-in-default if deductee was not liable to pay taxes due to losses
Rent paid to a depot agent under a composite service agreement would attract 194C and not sec. 194-I TDS

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