Penalty u/s 271AAB - undisclosed income in terms of clause (c) ...

Section 271AAB Penalty for Undisclosed Income Requires Strict Interpretation; Conditions Must Be Satisfied Before Imposition.

April 11, 2019

Case Laws Income Tax AT

Penalty u/s 271AAB - undisclosed income in terms of clause (c) of explanation to section 271AAB - being a penal provision, the same must be strictly construed and in light of satisfaction of conditions specified therein before levying penalty - deeming fiction cannot be extended to the penalty proceedings

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Penalty u/s 271AAB - undisclosed income in terms of clause (c) ...

Section 271AAB Penalty for Undisclosed Income Requires Strict Interpretation; Conditions Must Be Satisfied Before Imposition.

April 11, 2019

Case Laws Income Tax AT

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