No concealment penalty if assessee annexed a Note in ITR based on relevant DTAA to exclude arbitral award as income

INCOME TAX : Where in support of not including amount of an arbitral award in respect of a dredging contract in business profit, assessee annexed a Note in ITR based on relevant DTAA that said amount was not taxable in India, imposition of penalty was not justified

from www.taxmann.com Latest Case Laws https://ift.tt/3hOpptF