Penal Provisions On Undisclosed Income Caknowledge
Penal Provisions on Undisclosed Income In respect of searches initiated between 1.6.2007 and 30.6.2012, penalty was leviable @10% of undisclosed income under section 271AAA, if the undisclosed income related to – the previous year which had ended before the date of search, but the due date of filing return had not expired before the date of search and the return had not been furnished; or,the previous year in which search was...