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Income Tax - Highlights / Catch Notes

Home Highlights January 2014 Year 2014 This

Deletion of Penalty u/s 271AAA - the assessee had paid tax along ...


Taxpayer Avoids Penalty u/s 271AAA by Paying Tax and Interest on Undisclosed Income Post-Search.

January 17, 2014

Case Laws     Income Tax     AT

Deletion of Penalty u/s 271AAA - the assessee had paid tax along with interest on undisclosed income admitted during the course of search - penalty deleted - AT

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  9. Penalty u/s 271AAA(2) - assessee has admitted to have earned unaccounted commission income during the course of search proceedings - he has paid due taxes along with...

  10. Penalty u/s 271AAA - There will not be any penalty to the extent of undisclosed income admitted during search - immunity available under sub-clause (2) of section 271AAA

  11. Penalty 271AAA(2) - disclosure of undisclosed income - money found during search u/s 132 - assessee has fulfilled the requirement of sub-section (2) of section 271AAA -...

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  15. CBIC clarifies procedure for departmental appeals regarding interest/penalty under Section 128A of CGST Act. Where taxpayers have fully paid tax demands under Section 73...

 

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