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Income Tax - Highlights / Catch Notes

Home Highlights April 2019 Year 2019 This

Penalty u/s 271AAB - statement recorded u/s 132(4) itself would ...


Section 271AAB Penalty Requires More Than Just a Statement u/s 132(4); Needs Corroborative Evidence.

April 9, 2019

Case Laws     Income Tax     AT

Penalty u/s 271AAB - statement recorded u/s 132(4) itself would not either constitute an incriminating material or undisclosed income in the absence of any corresponding asset or entry in the seized document - No penalty

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