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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Penalty u/s.271AAA - undisclosed income addition - the ...

Case Laws     Income Tax

March 20, 2018

Penalty u/s.271AAA - undisclosed income addition - the assessee's responsibility to substantiate the manner of deriving such income did not commence. - When the base requirement itself fails, the question of denying the benefit of no penalty would not arise. - AT

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  10. Penalty u/s 271 AAA - source and manner in which the undisclosed income was derived - where no statement u/s 132(2) of the Act is recorded or specific query is made...

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