Section 271AAB Penalty Not Applicable for Non-Monetary Income Surrender; Not Considered Undisclosed for Penalty Purposes.

Section 271AAB Penalty Not Applicable for Non-Monetary Income Surrender; Not Considered Undisclosed for Penalty Purposes. https://www.taxtmi.com/highlights?id=52505 Penalty u/s 271AAB - A bare surrender of income not representing the money, bullion, jewellery or other valuable article or thing or any entry in the books of account will not be regarded as undisclosed income for the purpose of levy of penalty u/s 271AAB. - AT en-us Mon, 23 Mar 2020 11:35:36 +0530 Mon, 23 Mar 2020 11:35:36 +0530 TaxTMI RSS Generator Section 271AAB Penalty Not Applicable for Non-Monetary Income Surrender; Not Considered Undisclosed for Penalty Purposes. https://www.taxtmi.com/highlights?id=52505 Penalty u/s 271AAB - A bare surrender of income not representing the money, bullion, jewellery or other valuable article or thing or any entry in the books of account will not be regarded as undisclosed income for the purpose of levy of penalty u/s 271AAB. - AT Highlights Income Tax Mon, 23 Mar 2020 11:35:36 +0530 https://www.taxtmi.com/highlights?id=52505