Penalty U/s 271AAA - In the statement recorded U/s 132(4) of the ...

Assessee admits to undisclosed income via inflated expenses; escapes penalty under Income Tax Act Section 271AAA.

May 30, 2017

Case Laws Income Tax AT

Penalty U/s 271AAA - In the statement recorded U/s 132(4) of the Act when the assessee categorically stated that he has derived undisclosed income by way of inflating expenses recorded in the books of account - no penalty - AT

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Penalty U/s 271AAA - In the statement recorded U/s 132(4) of the ...

Assessee admits to undisclosed income via inflated expenses; escapes penalty under Income Tax Act Section 271AAA.

May 30, 2017

Case Laws Income Tax AT

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