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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Levy of penalty - The disclosure and surrender represents the ...

Case Laws     Income Tax

February 21, 2020

Levy of penalty - The disclosure and surrender represents the underlying assets being unexplained cash as well as jewellery. Accordingly, the same will fall in the definition of undisclosed income provided in clause (c) of Explanation to Section 271AAB - AT

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