Penalty u/s 274 r.w.s. 271(1)(c) - undisclosed income - wrong ...
Penalty Imposed u/ss 274 & 271(1)(c) for Undisclosed Income and Incorrect Deduction Claim u/s 54.
December 19, 2015
Case Laws Income Tax AT
Penalty u/s 274 r.w.s. 271(1)(c) - undisclosed income - wrong claim of deduction u/s 54 - assessee is exigible to levy of penalty on such income which was detected during the course of search and seizure operation, which in turn has been offered by the assessee in return of income filed pursuant to notice issued u/s 153A - AT
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