Long-Term Capital Gains Based on Sale Deed Value; Bonus Shares Not Taxed Under Section 56(2)(vii)(c); Section 54F Deduction Allowed for One Property O...
Penalty u/s 271(1)(c) / 271AAA - Concealed income - There was a...
Undisclosed Property Investments Lead to Penalty u/ss 271(1)(c) and 271AAA for Concealed Income.
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Income TaxNovember 9, 2013Case LawsAT
Penalty u/s 271(1)(c) / 271AAA - Concealed income - There was a search in assessee's case when investments in immovable properties were detected - levy of penalty u/s 271(1)(c) confirmed - AT