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No penalty on NR as he genuinely believed that foreign income wasn’t taxable in India when it was exempt abroad
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Corporate Tax
No penalty on NR as he genuinely believed that foreign income wasn’t taxable in India when it was exempt abroad
Posted on
on
February 20, 2016
Tenet Tax Daily February 06 2016
By
tenettax-team
Corporate Tax
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Settlement amount paid by firm on behalf of its partner couldn’t be treated as exp. in its hand
TDS liability under sec. 194C would attract even on oral contract
