Penalty u/s 271(1)(c) - surrendered undisclosed income during ...

Penalty u/s 271(1)(c) Overturned for Undisclosed Income Surrendered During Search and Seizure Operation.

March 26, 2019

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - surrendered undisclosed income during the search and seizure - assessee contented that income disclosed in the return U/s 139(1) though claimed as exempt U/s 10(38) - declared income is also finally assessed as such - penalty u/s 271(1)(c) is not sustainable

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Penalty u/s 271(1)(c) - surrendered undisclosed income during ...

Penalty u/s 271(1)(c) Overturned for Undisclosed Income Surrendered During Search and Seizure Operation.

March 26, 2019

Case Laws Income Tax AT

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