Undisclosed foreign income triggers interest under income-tax rules for failure to file returns or pay advance tax. Interest is chargeable where an assessee has undisclosed foreign income or fails to furnish the return required by section 139(1); similarly, where advance tax on such undisclosed foreign income is not paid or is deferred, interest for default in payment or deferment is chargeable under the income-tax Act's provisions for interest on late filing and non-payment of advance tax.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Undisclosed foreign income triggers interest under income-tax rules for failure to file returns or pay advance tax.
Interest is chargeable where an assessee has undisclosed foreign income or fails to furnish the return required by section 139(1); similarly, where advance tax on such undisclosed foreign income is not paid or is deferred, interest for default in payment or deferment is chargeable under the income-tax Act's provisions for interest on late filing and non-payment of advance tax.
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