[aaykarbhavan] ITAT deleted penalty as assessee had duly disclosed income surrendered during search and paid taxes thereon

ITAT deleted penalty as assessee had duly disclosed income surrendered during search and paid taxes thereon

June 28, 2014[2014] 45 taxmann.com 563 (Chandigarh - Trib.)

IT : Where assessee having surrendered certain income in course of search, filed return wherein said amount was duly disclosed and taxes were paid accordingly, there was sufficient compliance of provisions of section 271AAA(2) and, thus, impugned penalty order deserved to be set aside

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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