Penalty u/s 271AAB - Section 271AAB of the Act, contemplates ...

Income Tax

December 7, 2020

Penalty u/s 271AAB - Section 271AAB of the Act, contemplates imposition of a penalty pursuant to the disclosure of income in statement recorded u/s. 132(4) of the Act by the assessee. It is an admitted fact that no such statement has been recorded from the assessee. Thus, on this ground also, the levy of penalty fails. - AT

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Penalty u/s 271AAB - Section 271AAB of the Act, contemplates ...

Income Tax

December 7, 2020

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