Penalty u/s 271AAA - assessee failed to substantiate the manner ...

No Penalty for Undisclosed Income: Lack of Inquiry u/s 271AAA Protects Assessee from Penalty Imposition.

July 22, 2019

Case Laws Income Tax HC

Penalty u/s 271AAA - assessee failed to substantiate the manner in which undisclosed income was derived - from the statement of director, no such question had been asked to the assessee - the failure on the part of the AO in not inquiring specifically should not go against the assessee - No penalty.

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Penalty u/s 271AAA - assessee failed to substantiate the manner ...

No Penalty for Undisclosed Income: Lack of Inquiry u/s 271AAA Protects Assessee from Penalty Imposition.

July 22, 2019

Case Laws Income Tax HC

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