Penalty u/s 271AAB

  • Income Tax

Under section 271AAB undisclosed income also means additional income due to bogus expense – ITAT

Under section 271AAB undisclosed income also means additional income due to bogus expense recorded in the books of accounts -…

5 months ago
  • Income Tax

Penalty u/s 271AAB deleted as assessee declared income on presumptive basis

Income Tax Penalty u/s 271AAB deleted as assessee was declaring income on presumptive basis, was not required to maintain books…

1 year ago
  • Income Tax

Market value of stock no basis to derive undisclosed income. Penalty u/s 271AAB not mandatory

Market value of stock instead of cost no basis to determine undisclosed income. Penalty u/s 271AAB not mandatory ABACUS Case…

4 years ago