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Undisclosed income

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 June 2012 Assessee has not disclosed any undisclosed asset during course of search as that is not income in his opinion. Can concealment penalty be levied in such cases ?
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Amol S Joglekar

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Amol S Joglekar (Expert)
29 June 2012 Ofcourse yes.
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