Voluntary surrender

  • Income Tax

Surrender of income due to recovery of documents during survey can not be voluntarily – ITAT

Surrender of income due to recovery of documents during survey can not be said to be voluntarily. ITAT upheld penalty…

3 years ago
  • Income Tax

Cash surrendered during survey and added to WIP can not be disallowed being a balancing entry for income declared-ITAT

Cash surrendered during survey and added to WIP can not be disallowed u/s 68 as income was already declared in…

6 years ago
  • Income Tax

Voluntary surrender of income no defence for concealment penalty u/s 271(1)(c) – High Court

Voluntary surrender of income no defence for concealment penalty u/s 271(1)(c) unless explanation offered is found bona fide and all…

6 years ago