Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Penalty u/s. 271B - Non furnishing of Tax Audit Report within the prescribed period u/s 44AB - Limitation to impose penalty u/s 275 - quantum of penalty to be imposed u/s 271B was dependent on the outcome of appellate order u/s 250 - AO has validly kept the penalty proceedings in abeyance till disposal of appeal
Penalty u/s. 271B - Non furnishing of Tax Audit Report within the prescribed period u/s 44AB - Limitation to impose penalty u/s 275 - quantum of penalty to be imposed u/s 271B was dependent on the outcome of appellate order u/s 250 - AO has validly kept the penalty proceedings in abeyance till disposal of appeal
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
