Bring out the penalties levied under the law
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3
Answer:
No penalty under the Income-tax Act is imposed unless the person concerned has been given reasonable opportunity of being heard.
Explanation:
The levy of penalty is intended to work as a deterrent in committing the act or compensatory for loss caused to revenue.
Answered by
1
Explanation:
No penalty under the Income-tax Act is imposed unless the person concerned has been given reasonable opportunity of being heard.
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