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In very rare cases (as happens when occurred tax evader had reasonable cause for missing a payment), the penalties will also be wavered. You may just need spend the taxes you've never pay earlier. It has been instructed by CBDT vide letter dated 10.03.2003 even though recording statement during that will help of search and seizures and kontol survey operations, no attempt ought to made to have confession regarding the undisclosed income. Are less expensive been advised that ought to be focus and concentration on collection of evidence for undisclosed livelihood.
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