ITAT upholds Penalty under Section 271AAA on Failure of Assessee to Substantiate Source and Manner of Undisclosed Income [Read Order]

ITAT upholds Penalty under Section 271AAA - Substantiate Source and Manner of Undisclosed Income - TAXSCAN

The Income Tax Appellate Tribunal (ITAT), Pune Bench, has recently, in an appeal filed before it, on failure of the assessee to substantiate the source and manner of undisclosed income, upheld the penalty under Section 271AAA of the Income Tax Act, 1971. The aforesaid observation was made by the Pune ITAT, when a pair of…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader