https://www.taxtmi.com/caselaws?id=781704 Disclosure of acquired foreign assets in the relevant return years and again in the return filed under Section 153A, before any penalty notice, was held sufficient in law. The HC treated a Section 153A return as a return for purposes of Section 139(1), and found that the books of account also reflected the acquisition. On that basis, the alleged defect was only technical and did not justify penalty. The appeal was found not to raise any substantial question of law, and the penalty challenge failed. en-us Wed, 12 Nov 2025 00:00:00 +0530 Mon, 11 May 2026 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781704 Disclosure of acquired foreign assets in the relevant return years and again in the return filed under Section 153A, before any penalty notice, was held sufficient in law. The HC treated a Section 153A return as a return for purposes of Section 139(1), and found that the books of account also reflected the acquisition. On that basis, the alleged defect was only technical and did not justify penalty. The appeal was found not to raise any substantial question of law, and the penalty challenge failed. Case-Laws Income Tax Wed, 12 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781704