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CBDT simplifies angel taxation norms for DPIIT-recognised start-ups

CBDT simplifies angel taxation norms for DPIIT-recognised start-ups
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Penalty Order Set Aside Leads To Automatic Quashing Of Prosecution Under Section 276C(1) Of Income Tax Act: Jharkhand High Court

In a significant ruling, the Jharkhand High Court has held that once a penalty order is set aside, it will be presumed that there is no concealment of income, automatically leading to the quashing of.

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