revenue's appeal when all the conditions
specified in Section 271AAB(1)(c) of the Income Tax Act, 1961 were
satisfied for imposing ... under law, the
ITAT has erred in holding that penalty u/s. 271AAB of the Income Tax Act,
1961 is not mandatory and is discretionary
holding that penalty cannot be levied under
section 271AAB even though assessee has admitted undisclosed
income under section 132(4) of the Income ... during
the course of search when section 271AAB expressly provides
for levying of such penalty ?
b) Whether the Learned Income Tax Appellate Tribunal erred
holding that penalty cannot be levied under
section 271AAB even though assessee has admitted undisclosed
income under section 132(4) of the Income ... during
the course of search when section 271AAB expressly provides
for levying of such penalty ?
b) Whether the Learned Income Tax Appellate Tribunal erred
Whether the Income Tax Appellate Tribunal misread and
misinterpreted Section 271AAB(1)(a)(i), Section 271AAB(1)(a)(ii)
and Section 271AAB
Tax vs M/S. Thakur Prasad Sao & Sons on 2 May, 2024
Author: Rajarshi
wherein the Court also took into consideration the
effect of Section 271AAB read with 162 and answered the questions in favour
of the assessee
wherein the Court also took into consideration the
effect of Section 271AAB read with 162 and answered the questions in favour
of the assessee
wherein the Court also took into consideration the
effect of Section 271AAB read with 162 and answered the questions in favour
of the assessee
wherein the Court also took into consideration the
effect of Section 271AAB read with 162 and answered the questions in favour
of the assessee
wherein the Court also took into consideration the
effect of Section 271AAB read with 162 and answered the questions in favour
of the assessee
