Assessee Penalized for Not Disclosing Car Value, Ignoring Section 17 Notice; Relied on Old Wealth Returns.

Assessee Penalized for Not Disclosing Car Value, Ignoring Section 17 Notice; Relied on Old Wealth Returns. https://www.taxtmi.com/highlights?id=21688 Levy Penalty - even in response to notices issued by the AO for the second time u/s 17, the assessee did not disclose the value of motor cars by filing fresh returns of income and instead filed a letter stating that returns of wealth already filed by it may be treated as returns filed in response to the said notices - penalty confirmed - AT en-us Sat, 07 Feb 2015 11:19:34 +0530 Sat, 07 Feb 2015 11:19:34 +0530 TaxTMI RSS Generator Assessee Penalized for Not Disclosing Car Value, Ignoring Section 17 Notice; Relied on Old Wealth Returns. https://www.taxtmi.com/highlights?id=21688 Levy Penalty - even in response to notices issued by the AO for the second time u/s 17, the assessee did not disclose the value of motor cars by filing fresh returns of income and instead filed a letter stating that returns of wealth already filed by it may be treated as returns filed in response to the said notices - penalty confirmed - AT Highlights Wealth-tax Sat, 07 Feb 2015 11:19:34 +0530 https://www.taxtmi.com/highlights?id=21688