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Income Tax - Highlights / Catch Notes

Home Highlights July 2014 Year 2014 This

Non-disclosure of the income received by the assessee by way of ...


Salary Income Not Disclosed by Assessee is "Undisclosed Income" u/s 158B(b), Taxed at 60% Rate.

July 1, 2014

Case Laws     Income Tax     HC

Non-disclosure of the income received by the assessee by way of salary was required to be treated as “undisclosed income” within the meaning thereof in Section 158B(b) under Chapter XIV-B of the Act liable to tax at 60% - HC

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