Unexplained money u/s 69a and penalty u/s 271(1)(c)
This query is : Resolved
07 February 2012
Sir, if the AO treats my cash found during the course of search u/s 132 as unexplained money u/s 69A, can he levy penalty u/s 271(1)(c) or u/s 271AAA.
Actually he found certain cash during search which according to him (i.e. AO) is not explained by us sufficiently and he has treated the same as unexplained money u/s 69A so can he levy penalty u/s 271(1)(c) or 271AAA???
Actually he found certain cash during search which according to him (i.e. AO) is not explained by us sufficiently and he has treated the same as unexplained money u/s 69A so can he levy penalty u/s 271(1)(c) or 271AAA???
08 February 2012
271AAA (1) will attract.
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08 February 2012
Dear Chackrapani Sir,
Can I get a case law reference in which interest u/s 271AAA is levied and not u/s 271(1)(c) for unexplained money u/s 69A. It is urgent.. Please
Can I get a case law reference in which interest u/s 271AAA is levied and not u/s 271(1)(c) for unexplained money u/s 69A. It is urgent.. Please
09 February 2012
Dear Sir(s),
Please reply
Please reply
09 February 2012
No case laws right now with me.
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