Penalty u/s 271AAB - undisclosed income - AO’s action penalizing ...

Penalty u/s 271AAB Only for Undisclosed Income; Recalculation Required for Duly Recorded Earnings.

April 16, 2020

Case Laws Income Tax AT

Penalty u/s 271AAB - undisclosed income - AO’s action penalizing the assessee qua the said disclosed / duly recorded income is found to be not sustainable therefore. - AO directed to re-compute the penalty only towards undisclosed income - AT

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Penalty u/s 271AAB - undisclosed income - AO’s action penalizing ...

Penalty u/s 271AAB Only for Undisclosed Income; Recalculation Required for Duly Recorded Earnings.

April 16, 2020

Case Laws Income Tax AT

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