Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Penalty u/s.271E - violation of provision of section 269T - the assessee has not explained the reason why the said amount has been deposited in the bank account of Shri Raju Bharat and what is the urgency or immediate need for the company’s business to deposit the same amount in the bank account of the shareholder - no reasonable cause as per section 273B - penalty confirmed
Penalty u/s.271E - violation of provision of section 269T - the assessee has not explained the reason why the said amount has been deposited in the bank account of Shri Raju Bharat and what is the urgency or immediate need for the company’s business to deposit the same amount in the bank account of the shareholder - no reasonable cause as per section 273B - penalty confirmed
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