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Income Tax - Highlights / Catch Notes

Home Highlights March 2020 Year 2020 This

Penalty u/s 271AAB - A bare surrender of income not representing ...

Case Laws     Income Tax

March 23, 2020

Penalty u/s 271AAB - A bare surrender of income not representing the money, bullion, jewellery or other valuable article or thing or any entry in the books of account will not be regarded as undisclosed income for the purpose of levy of penalty u/s 271AAB. - AT

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  11. Penalty u/s 271(1)(c) - disclosure or admission made u/s 132(4) of the Act during the course of search proceedings - assessee has taken specific plea that no money,...

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