Penalty u/s 271AAA - assessee was asked to explain the entries ...

No Penalty Imposed: Assessee Not Asked to Explain Income Source u/s 271AAA.

August 23, 2013

Case Laws Income Tax AT

Penalty u/s 271AAA - assessee was asked to explain the entries in the 'work-in-progress sheet' - assessee was not asked about the manner in which such income was earned and also to substantiate the manner in which undisclosed income was derived - No penalty - AT

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Penalty u/s 271AAA - assessee was asked to explain the entries ...

No Penalty Imposed: Assessee Not Asked to Explain Income Source u/s 271AAA.

August 23, 2013

Case Laws Income Tax AT

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