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Penalty u/s 271AAA justified if assessee failed to pay tax on undisclosed income declared during search
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Penalty u/s 271AAA justified if assessee failed to pay tax on undisclosed income declared during search
Posted on
on
November 22, 2017
Tenet Tax Daily November 22 2017
By
tenettax-team
Corporate Tax
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No sec. 271AAA penalty if assessee substantiated manner of earning undisclosed income & paid tax thereon
Dep. couldn’t be denied if business activities were temporary shut down due to stay order of Court
