[aaykarbhavan] Assessee can’t escape from concealment penalty by declaring income pursuant to survey proceedings

 

Assessee can't escape from concealment penalty by declaring income pursuant to survey proceedings

October 20, 2014[2014] 49 taxmann.com 361 (Mumbai - Trib.)

IT : Where assessee, engaged filed a revised return pursuant to survey proceedings declaring certain undisclosed income, said return could not be regarded as a voluntary return and, therefore, assessee being guilty of concealment of particulars of income, was liable to pay penalty under section 271(1)(c)

Regards

Prarthana Jalan

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

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