Penalty u/s 271AAA(2) - specification the manner of undisclosed ...

Income Tax

June 17, 2019

Penalty u/s 271AAA(2) - specification the manner of undisclosed income and substantiated the manner in which the income was derived - no such query at the time of recording statement u/s 132(4) - concurrent findings that all the three as stipulated in sub-section (2) of Section 271AAA are fulfilled - no penalty

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Penalty u/s 271AAA(2) - specification the manner of undisclosed ...

Income Tax

June 17, 2019

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Penalty u/s 271AAA - There will not be any penalty to the extent of undisclosed income admitted during search - immunity available under sub-clause (2) of section 271AAA

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