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Income Tax - Highlights / Catch Notes

Home Highlights October 2019 Year 2019 This

Levy of penalty u/s 271AAA - Addition u/s 69A post search - ...


Penalty Upheld u/s 271AAA After Addition u/s 69A; Assessee's Explanation Rejected.

October 7, 2019

Case Laws     Income Tax     AT

Levy of penalty u/s 271AAA - Addition u/s 69A post search - assessee’s argument that the assessee’s explanation has not been found to be false and, therefore, penalty is not sustainable is not acceptable.

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