No Penalty u/s 271AAB unless undisclosed income found from seized material. Disclosure made in statement u/s 132(4) not sufficient to…
Penalty notice u/s 271AAB without specifying at what percentage the penalty will be levied makes it defective and invalid and…
Penalty notice u/s 271AAB without specifying ground and default in the show cause notice u/s 274 held not valid –…
Cash Payments itself not undisclosed income of assessee in the absence of corresponding asset found at the time of search.…
Penalty u/s 271AAB-Cash advances recorded in diary held not undisclosed Income when assessee was not carrying on any business and…
Rationalisation of income tax penalty provisions in budget- 2016-17 New section 270A for under-reporting of income from AY 2017-18 Under…