https://www.taxtmi.com/highlights?id=51102 Penalty u/s 271(1)(c) - income surrendered by the assessee during survey - Explanation 5A is exclusively in the case of search and seizure action u/s 132 and the said deeming provision cannot be applied in the case of survey conducted u/s 133A. en-us Wed, 08 Jan 2020 10:17:36 +0530 Wed, 08 Jan 2020 10:17:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=51102 Penalty u/s 271(1)(c) - income surrendered by the assessee during survey - Explanation 5A is exclusively in the case of search and seizure action u/s 132 and the said deeming provision cannot be applied in the case of survey conducted u/s 133A. Highlights Income Tax Wed, 08 Jan 2020 10:17:36 +0530 https://www.taxtmi.com/highlights?id=51102