Penalty for undisclosed income imposed in addition to tax and surcharge for declarations under the statute. Persons making a declaration under the specified declaration provision are liable, notwithstanding other Income-tax Act or Finance Act provisions, to pay a penalty on the undisclosed income in addition to tax and surcharge charged under the related surcharge provision.
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.
Penalty for undisclosed income imposed in addition to tax and surcharge for declarations under the statute.
Persons making a declaration under the specified declaration provision are liable, notwithstanding other Income-tax Act or Finance Act provisions, to pay a penalty on the undisclosed income in addition to tax and surcharge charged under the related surcharge provision.
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