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CCI slaps penalty at rate of 1% of income on officials of pharma-co. for delay in submitting ITRs

November 16, 2018[2018] 99 62 (CCI)

Competition Act: Where individuals who were incharge of pharmaceutical companies filed their ITRs before CCI belatedly, but tendered apology and reasons for delay, penalties were to be imposed at rate of 1 per cent of their respective incomes based on their income tax returns (ITRs) for three years

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