Tribunal Finds No Evidence of Undisclosed Income; No Penalty Imposed u/s 158BFA(2) on Interior Decoration Expenses.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Penalty levied u/s 158BFA(2) - Tribunal has sustained the addition on estimate basis and the Tribunal could not come a conclusion from the seized material that there was undisclosed income in incurring interior decoration works - No Penalty - AT....
TaxTMI