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Income Tax - Highlights / Catch Notes

Home Highlights November 2017 Year 2017 This

Penalty u/s 271AAB - as per the definition of undisclosed income ...


Penalty Imposed for Undisclosed Income u/s 271AAB; Additional Income Recognized as Undisclosed per Explanation C Definition.

November 13, 2017

Case Laws     Income Tax     AT

Penalty u/s 271AAB - as per the definition of undisclosed income given in Explanation C to Section 271AAB of the Act, the additional income disclosed by the assessee indeed takes the character of undisclosed income - AT

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