Levy of penalty - deduction u/s 80IB - Since the revenue had ...

Penalty Denied for Deduction u/s 80IB; Not Considered Undisclosed Income, No Grounds u/s 271AAB.

March 1, 2018

Case Laws Income Tax AT

Levy of penalty - deduction u/s 80IB - Since the revenue had denied deduction thereon in earlier years, it was denied for the year under appeal also - This has nothing to do with the search proceedings so as to fall within the ambit of undisclosed income and consequential levy of penalty u/s 271AAB of the Act.- AT

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Levy of penalty - deduction u/s 80IB - Since the revenue had ...

Penalty Denied for Deduction u/s 80IB; Not Considered Undisclosed Income, No Grounds u/s 271AAB.

March 1, 2018

Case Laws Income Tax AT

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