Automatic Penalty for Declaring Undisclosed Income Post-Search u/s 132(1) of Income Tax Act; Section 271AAB Triggered.

Automatic Penalty for Declaring Undisclosed Income Post-Search u/s 132(1) of Income Tax Act; Section 271AAB Triggered. https://www.taxtmi.com/highlights?id=47001 Penalty u/s 271AAB - search and seizure u/s 132(1) - if cash seized during the course of search and seizure, offered the same for taxation and accept the same in filing of return of income to the specified previous year declaring such undisclosed income - penalty u/s 271AAB attracts automatically en-us Thu, 06 Jun 2019 10:08:36 +0530 Thu, 06 Jun 2019 10:08:36 +0530 TaxTMI RSS Generator Automatic Penalty for Declaring Undisclosed Income Post-Search u/s 132(1) of Income Tax Act; Section 271AAB Triggered. https://www.taxtmi.com/highlights?id=47001 Penalty u/s 271AAB - search and seizure u/s 132(1) - if cash seized during the course of search and seizure, offered the same for taxation and accept the same in filing of return of income to the specified previous year declaring such undisclosed income - penalty u/s 271AAB attracts automatically Highlights Income Tax Thu, 06 Jun 2019 10:08:36 +0530 https://www.taxtmi.com/highlights?id=47001