Penalty u/s 271AAB - Surrender of entire jewellery and silver ...

Case Laws Income Tax

June 20, 2019

Penalty u/s 271AAB - Surrender of entire jewellery and silver items during search - benefit of the personal jewellery of various family members is required to be given while considering the undisclosed income on account of jewellery as well as valuation of the same has been based on the cost of acquisition for treated as undisclosed income -remanded to AO for reconsidering the above benefit for determination of penalty

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Penalty u/s 271AAB - Surrender of entire jewellery and silver ...

Case Laws Income Tax

June 20, 2019

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