Penalty u/s 271AAA - sufficient compliance - the language ...

Court Rules No Penalty u/s 271AAA for Tax Payment Compliance on Undisclosed Income; Language Deemed Similar to Section 271(1.

February 1, 2018

Case Laws Income Tax HC

Penalty u/s 271AAA - sufficient compliance - the language employed in the second exception under Explanation 5 to section 271(1) is, “pays the tax together with interest, if any, in respect of such income” and clause (iii) of sub-section (2) of section 271AAA employs the language “pays the tax, together with interest, if any, in respect of the undisclosed income”. Thus, the language employed in both the sections is similar - No penalty - HC

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Penalty u/s 271AAA - sufficient compliance - the language ...

Court Rules No Penalty u/s 271AAA for Tax Payment Compliance on Undisclosed Income; Language Deemed Similar to Section 271(1.

February 1, 2018

Case Laws Income Tax HC

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