'Inaccurate particulars' presentation slideshows

The term Penalty has not been defined under the Income Tax Act, 1961 (Act).

The term Penalty has not been defined under the Income Tax Act, 1961 (Act). Punishment; Suffering or loss imposed for breach of a law; a fine or loss agreed upon in case of non-fulfilment of some undertaking; a fine - Chambers 20 th Century Dictionary, 1983 Edition

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