Penalty u/s 271AAB(1)(a) - once the assessee has explained the ...

Case Laws Income Tax

February 28, 2020

Penalty u/s 271AAB(1)(a) - once the assessee has explained the way in which he derived income and also the purpose for which it is utilized, it is not necessary for the assessee being an educational society to substantiate further with the source of the income received in view of section 115BBC(2) & (3) - penalty at 10% is leviable - AT

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Penalty u/s 271AAB(1)(a) - once the assessee has explained the ...

Case Laws Income Tax

February 28, 2020

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