Penalty u/s 271(1)(c) - the assessee has admitted discovery of ...

Penalty Confirmed u/s 271(1)(c) Due to Discovery of Loose Papers and Additional Income Admission.

August 5, 2019

Case Laws Income Tax AT

Penalty u/s 271(1)(c) - the assessee has admitted discovery of loose papers, documents/electronic data and whose basis he has prepared his return showing additional income. In the face of the above discovery of evidence, it could not be said that Explanation 5A is not applicable - Penalty confirmed.

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Penalty u/s 271(1)(c) - the assessee has admitted discovery of ...

Penalty Confirmed u/s 271(1)(c) Due to Discovery of Loose Papers and Additional Income Admission.

August 5, 2019

Case Laws Income Tax AT

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