Penalty u/s. 271AAB - commodity profit as falling in the ken of ...

Case Laws Income Tax

December 31, 2021

Penalty u/s. 271AAB - commodity profit as falling in the ken of the 'undisclosed income' - since the amount on which penalty is levied has been found at the time of search and which has been found recorded in the 'other document' marked by the search team as SA/1, we are of the considered opinion that for the purpose of 271AAB of the Act, this amount from SA/1 cannot be termed as 'undisclosed income' u/s 271AAB - No penalty - AT

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Penalty u/s. 271AAB - commodity profit as falling in the ken of ...

Case Laws Income Tax

December 31, 2021

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