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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Once penalty U/s 271AAA of I.T. Act has been levied in respect ...

Case Laws     Income Tax

November 21, 2018

Once penalty U/s 271AAA of I.T. Act has been levied in respect of undisclosed income, the AO was in error of law prescribed U/s 271AAA(3) of I.T. Act, in imposing further penalty U/s 271(1)(c) of I.T. Act in respect of the same undisclosed income.

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  9. This case deals with the levy of penalties u/ss 271AAA and 271(1)(c) of the Income Tax Act in relation to various additions made to the assessee's income based on seized...

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