Penalty u/s 271AAA - sufficient compliance - the language ...

Income Tax

February 1, 2018

Penalty u/s 271AAA - sufficient compliance - the language employed in the second exception under Explanation 5 to section 271(1) is, “pays the tax together with interest, if any, in respect of such income” and clause (iii) of sub-section (2) of section 271AAA employs the language “pays the tax, together with interest, if any, in respect of the undisclosed income”. Thus, the language employed in both the sections is similar - No penalty - HC

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Penalty u/s 271AAA - sufficient compliance - the language ...

Income Tax

February 1, 2018

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