Levy of penalty u/s 271(1)(c) r.w.s. 271AAA - There is nothing ...

Case Laws Income Tax

May 4, 2022

Levy of penalty u/s 271(1)(c) r.w.s. 271AAA - There is nothing in the provisions of section 271AAA to say that an assessee is required to disclose the manner in which the undisclosed income is derived and its substantiation only on a query posed to him by the Investigation Officer. Such construction only amount to adding words to the statute which is not a permissible rule of interpretation. - AT

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Levy of penalty u/s 271(1)(c) r.w.s. 271AAA - There is nothing ...

Case Laws Income Tax

May 4, 2022

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