TMI BlogInsertion of new section 270A - Penalty for underreporting and misreporting of income. - the cases of...Insertion of new section 270A - Penalty for underreporting and misreporting of income. - the cases of under-reported income falling under misreporting of income shall be liable for penalty at the rate of two hundred per cent. of the tax payable on such misreported income. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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