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No penalty under sec. 271F if there is reasonable cause for belated filing of return in search cases

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  • No penalty under sec. 271F if there is reasonable cause for belated filing of return in search cases
Posted onon January 10, 2017

tenet-tax-daily-january-10-2017

By tenettax-team
Corporate Tax

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Forward contracts for hedging in forex wasn’t speculative when it was made in normal course of business
Office land sold by bank would be taxable as capital gains and not as business income

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