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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Penalty - Since the income under question was in fact entered in ...


Income Recorded in Business Documents Not Considered Undisclosed u/s 271AAB.

March 20, 2018

Case Laws     Income Tax     AT

Penalty - Since the income under question was in fact entered in the “other documents” maintained in the normal course, which document was retrieved during search, hence, the amount offered by the assessee does not fall in the ken of “undisclosed income” defined in Sec. 271AAB - AT

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