[aaykarbhavan] No deemed concealment if additional income was declared by assessee pursuant to search via belated return

No deemed concealment if additional income was declared by assessee pursuant to search via belated return

September 26, 2014[2014] 49 taxmann.com 46 (Mumbai - Trib.)/[2013] 158 TTJ 120 (Mumbai - Trib.)

IT: In absence of any limitation or restriction relating to words 'due date' given in clause (b) of Explanation 5A to section 271(1)(c), it cannot be read as 'due date' as provided in section 139(1) alone rather it can also mean date of filing of return of income under section 139(4)

 

Regards

Prarthana Jalan

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

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