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LIC gets income tax penalty notice of Rs 84 crore; to appeal against order

LIC said that they will file an appeal before the appropriate appellate authority against the order within the prescribed timelines.

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LIC gets income tax penalty notice of Rs 84 cr; insurer to file appeal

Penalty has been imposed on state-owned insurer for violation of sections 271(1)(c) and 270A of the Income Tax Act, 1961, it said.

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