SEARCH AND SEIZURE, Income Tax

[Eswara Rama Somayajulu]

Income disclosed during the search and seizure under section 132(4) can be brought into books of account subsequently and can be capitalized ?

Posts / Replies

[MARIAPPAN GOVINDARAJAN]

In my view it can be brought into books of accounts since the same were disclosed and taxes have been paid for the same. If any alternative answer is got by you from any source please share the same in this forum.