Stock surrendered during survey held business income not cash credits or unexplained money u/s 69 or 69A. Question of application…
Surrender of income due to recovery of documents during survey can not be said to be voluntarily. ITAT upheld penalty…
Voluntary surrender of income no defence for concealment penalty u/s 271(1)(c) unless explanation offered is found bona fide and all…
No Concealment penalty u/s 271(1)(c) for income surrendered during survey if income was disclosed in return which was filed within…