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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Penalty U/s 271AAB - red diary found in search, wherein there ...

Case Laws     Income Tax

July 5, 2019

Penalty U/s 271AAB - red diary found in search, wherein there are notings relating to cash advances given - as per the definition of undisclosed income u/s 271AAB, the said cash advance cannot be stated to be income which is represented by any money, bullion, jewellery or other valuable article or thing - no penalty

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