No penalty u/s 271AAA as Department failed to prove expenditures were bogus or false.

No penalty u/s 271AAA as Department failed to prove expenditures were bogus or false. https://www.taxtmi.com/highlights?id=23791 Penalty levied u/s 271AAA - It is the Department on whom, onus of proving that expenditure recorded in the books is bogus or false based on documentary evidences found in the course of search - no Penalty - AT en-us Wed, 15 Jul 2015 10:44:38 +0530 Wed, 15 Jul 2015 10:44:38 +0530 TaxTMI RSS Generator No penalty u/s 271AAA as Department failed to prove expenditures were bogus or false. https://www.taxtmi.com/highlights?id=23791 Penalty levied u/s 271AAA - It is the Department on whom, onus of proving that expenditure recorded in the books is bogus or false based on documentary evidences found in the course of search - no Penalty - AT Highlights Income Tax Wed, 15 Jul 2015 10:44:38 +0530 https://www.taxtmi.com/highlights?id=23791