Penalty u/s 271(1)(c) - exemption u/s 10(4)(ii) - the assessee ...

Income Tax

August 29, 2019

Penalty u/s 271(1)(c) - exemption u/s 10(4)(ii) - the assessee was under bonafide impression that she is a ‘person resident outside India’ as defined under FEMA - the explanation furnished by the assessee in not disclosing the interest income in the return appears to be quite genuine, bonafide and acceptable - no penalty

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Penalty u/s 271(1)(c) - exemption u/s 10(4)(ii) - the assessee ...

Income Tax

August 29, 2019

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