Wednesday, May 29, 2019

No sec. 271AAB penalty if income surrendered during search didn't result in undisclosed income

IT : Disclosure of income in statement recorded under section 132(4) would not ipso facto be regarded as undisclosed income unless and until it is tested as per definition provided in Explanation to section 271AAB

from www.taxmann.com Latest Case Laws http://bit.ly/2Xcegbh
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