The Income Tax Appellate Tribunal (ITAT), Ahmedabad Bench, has held that no penalty for concealment can be levied on income surrendered during a survey if the same is duly declared in the Income Tax Return (ITR). The bench of BRR Kumar (Vice President) and T. R. Senthil Kumar (Judicial Member) has observed that “Concealment” must…
Membership Required
Already a member? Log in here
