Penalty u/s 271AAA - assessee failed to substantiate the manner ...
Income Tax
July 22, 2019
Penalty u/s 271AAA - assessee failed to substantiate the manner in which undisclosed income was derived - from the statement of director, no such question had been asked to the assessee - the failure on the part of the AO in not inquiring specifically should not go against the assessee - No penalty.
View Source
