Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Addition was confirmed by the CIT(A) and ITAT by rejecting the explanation of the assesses that the jewellery belong to mother in law and the wife of the brother in law of the assessee, does not automatically mean that penalty u/s. 158BFA(2) is leviable - AT
Addition was confirmed by the CIT(A) and ITAT by rejecting the explanation of the assesses that the jewellery belong to mother in law and the wife of the brother in law of the assessee, does not automatically mean that penalty u/s. 158BFA(2) is leviable - AT
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