Sep 18, 2015
The section 271(1) (c) of the income tax act 1961, clearly states that no penalty would be levied on an income tax payer if the claims filed by an assesse turns out to be arguable or false.
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The section 271(1) (c) of the income tax act 1961, clearly states that no penalty would be levied on an income tax payer if the claims filed by an assesse turns out to be arguable or false.