The penalty u/s 271AAA could be levied in specified previous ...

No Penalty Imposed u/s 271AAA Due to Non-fulfillment of Conditions for Undisclosed Income Admission.

November 23, 2018

Case Laws Income Tax AT

The penalty u/s 271AAA could be levied in specified previous year in respect of the undisclosed income unless admitted in a statement u/s 132(4) and specified the manner in which income is derived and the manner has to be substantiated - Since all the conditions are not fulfilled, no penalty.

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The penalty u/s 271AAA could be levied in specified previous ...

No Penalty Imposed u/s 271AAA Due to Non-fulfillment of Conditions for Undisclosed Income Admission.

November 23, 2018

Case Laws Income Tax AT

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