https://www.taxtmi.com/acts?id=48887 The provision empowers revenue officers to impose a penalty of ten percent of the tax payable under section 195(1)(i) where an assessee's income includes specified categories-cash credits, unexplained investments, unexplained money, unexplained expenditure, investment amounts not in books, or hundi borrowings/repayments-payable in addition to tax; exemption applies where such income was declared and tax paid in the return by the end of the relevant year, and certain procedural sections apply to the penalty's administration. en-us Fri, 14 Feb 2025 14:08:02 +0530 Thu, 20 Feb 2025 16:00:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48887 The provision empowers revenue officers to impose a penalty of ten percent of the tax payable under section 195(1)(i) where an assessee's income includes specified categories-cash credits, unexplained investments, unexplained money, unexplained expenditure, investment amounts not in books, or hundi borrowings/repayments-payable in addition to tax; exemption applies where such income was declared and tax paid in the return by the end of the relevant year, and certain procedural sections apply to the penalty's administration. Act-Rules Bills Fri, 14 Feb 2025 14:08:02 +0530 https://www.taxtmi.com/acts?id=48887