Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
Levy of penalty - The disclosure and surrender represents the underlying assets being unexplained cash as well as jewellery. Accordingly, the same will fall in the definition of undisclosed income provided in clause (c) of Explanation to Section 271AAB - AT
Levy of penalty - The disclosure and surrender represents the underlying assets being unexplained cash as well as jewellery. Accordingly, the same will fall in the definition of undisclosed income provided in clause (c) of Explanation to Section 271AAB - AT
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