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Income Tax - Highlights / Catch Notes

Home Highlights October 2018 Year 2018 This

Levy of penalty u/s.271AAB - filing of return declaring ...

Income Tax

October 23, 2018

Levy of penalty u/s.271AAB - filing of return declaring undisclosed income - Specified date is the due date for furnishing returned income u/s.139(1). Assessee had filed returned income after such date. Hence, assessee cannot take advantage of clause (a) of Sub Section(1) of Section 271AAB. - Levy of penalty confirmed.

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