Penalty u/s. 271AAA - revenue is not in appeal against the ...

Tax Penalty Deleted: Revenue Authority Didn't Appeal Decision on Undisclosed Income u/s 271AAA. Tax Paid Before Return Filing.

June 1, 2019

Case Laws Income Tax AT

Penalty u/s. 271AAA - revenue is not in appeal against the findings of the CIT(A) acceptance of the contentions of the appellant with regard to condition of substantiating the manner in which the undisclosed income was derived - further as per Form 26AS tax due was also deposited on much prior to the filing of the return of income - penalty deleted

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Penalty u/s. 271AAA - revenue is not in appeal against the ...

Tax Penalty Deleted: Revenue Authority Didn't Appeal Decision on Undisclosed Income u/s 271AAA. Tax Paid Before Return Filing.

June 1, 2019

Case Laws Income Tax AT

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Deletion of Penalty u/s 271AAA - the assessee had paid tax along with interest on undisclosed income admitted during the course of search - penalty deleted - AT

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Penalty levied by the AO u/s. 271AAB r.w.s. 274 - levy penalty of 30% on undisclosed income - the reasons given by the AO to levy 30% penalty on undisclosed income is...

Penalty u/s 271AAA - defective notice - if there is no clarity in the stand of the Revenue for initiation of penalty u/s 271AAA, whether it is for failure of the...

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Penalty u/s 271AAA - There will not be any penalty to the extent of undisclosed income admitted during search - immunity available under sub-clause (2) of section 271AAA

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