TMI BlogSection 271AAB Penalty Requires More Than Just a Statement u/s 132(4); Needs Corroborative Evidence.Penalty u/s 271AAB - statement recorded u/s 132(4) itself would not either constitute an incriminating material or undisclosed income in the absence of any corresponding asset or entry in the seized document - No penalty ..... X X X X Extracts X X X X X X X X Extracts X X X X
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