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s. 115JB & s. 271(1)(c)

Started by rajul5234, June 21, 2016, 03:19:24 PM

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rajul5234

M/s. Bilakhia Holdings.  TA 132 / 2016. Dt. 9/6/16. Gujarat high court

Held, Though direct credit of gift to balance sheet held  to reduce book profits u/s 115JB, penalty u/s 271(1)(c) deleted.

R K Patel