Penalty u/s 271AAB - An advance represents an outflow of funds ...

Income Tax

April 10, 2019

Penalty u/s 271AAB - An advance represents an outflow of funds and what has been envisaged by the legislature while defining “undisclosed income” in section 271AAB is an inflow of funds which has not been recorded in the books of accounts on or before the date of search.

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Penalty u/s 271AAB - An advance represents an outflow of funds ...

Income Tax

April 10, 2019

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