Section 271(1)(c) Penalty Not Applicable for Undisclosed Foreign Income After Accepted Revised Return Filed u/s 153A.

Section 271(1)(c) Penalty Not Applicable for Undisclosed Foreign Income After Accepted Revised Return Filed u/s 153A. https://www.taxtmi.com/highlights?id=35152 Penalty u/s 271(1)(c) - undisclosed foreign income - revised return filed u/s 153A after search - the same income has been accepted which was returned by the assessee, therefore, the penalty u/s 271(1)(c) was not leviable. - AT en-us Tue, 06 Jun 2017 12:17:05 +0530 Tue, 06 Jun 2017 12:17:05 +0530 TaxTMI RSS Generator Section 271(1)(c) Penalty Not Applicable for Undisclosed Foreign Income After Accepted Revised Return Filed u/s 153A. https://www.taxtmi.com/highlights?id=35152 Penalty u/s 271(1)(c) - undisclosed foreign income - revised return filed u/s 153A after search - the same income has been accepted which was returned by the assessee, therefore, the penalty u/s 271(1)(c) was not leviable. - AT Highlights Income Tax Tue, 06 Jun 2017 12:17:05 +0530 https://www.taxtmi.com/highlights?id=35152