Penalty under Section 271AAC applies where assessed income includes specified undisclosed income and tax is unpaid. Section 271AAC penalty applies where the Assessing Officer's determined income includes amounts within specified undisclosed income categories and where the assessee has not disclosed that income in the return or has not paid tax under the specified concessional tax treatment.
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 under Section 271AAC applies where assessed income includes specified undisclosed income and tax is unpaid.
Section 271AAC penalty applies where the Assessing Officer's determined income includes amounts within specified undisclosed income categories and where the assessee has not disclosed that income in the return or has not paid tax under the specified concessional tax treatment.
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