Income derived from loan given to huf by karta: clubbing?
This query is : Resolved
15 September 2012
Hello,
What is the time limit for leving penalty of concealment u/s 271(1)(c)? Can concelment penalty be levied now for income concealed in the year 1996?
What is the time limit for leving penalty of concealment u/s 271(1)(c)? Can concelment penalty be levied now for income concealed in the year 1996?
15 September 2012
Please refer to the recent judgement of Delhi high court. It is really HARD to believe that 1996 concealment penalty is levied now.
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