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Sec 270A of the IT Act : Encouraging assessee to disclose unreported income?

Manu Gawri | Last updated: 13 May 2017

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The Finance bill 2016 bought a new array of sections to the income tax act that are section 207A and 207AA. The law aims to provide a new procedure for charging penalty for concealment or understatement of income which intends to replace the existing array of sections that is 271(1)(c). In the

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About the Author

Manu Gawri

CA-Final

Ex-Analyst at Grant thornton India LLP working in Not-for Profit sector. Co-Founder of Augmen. NFP Organisation, Internal Control advisor, drafting standard operating procedure for organziations. Can be reached at manugawri92 @ gmail.com

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