Penalty u/s 271AAB(1A) - once the document which has the ...
Income Tax
May 8, 2023
Penalty u/s 271AAB(1A) - once the document which has the characteristics of ‘undisclosed income’ found and recovered during the course of search and based on such document, the assessee made the declaration and thereafter, filed return of income, then in that eventuality, in our view, the said income would partake the characteristics of ‘undisclosed income’. - Levy of penalty confirmed - AT
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