Cancellation of penalty levied u/s. 158BFA(2) - penalty is not ...

Penalty u/s 158BFA(2) Canceled Due to Insufficient Evidence for Rs. 9,26,600 Entry During Tax Search.

December 17, 2011

Case Laws Income Tax AT

Cancellation of penalty levied u/s. 158BFA(2) - penalty is not automatic. - This is a case of non-substantiation of explanation; otherwise, the entry of Rs.9,26,600/- was shown in the same paper found during the course of search. - cancellation of penalty is justified..... - AT

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Cancellation of penalty levied u/s. 158BFA(2) - penalty is not ...

Penalty u/s 158BFA(2) Canceled Due to Insufficient Evidence for Rs. 9,26,600 Entry During Tax Search.

December 17, 2011

Case Laws Income Tax AT

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