Penalty and consequence

ITR 111 views 2 replies

A person is assessed and as he as some unexplained credits the A.O adds the amount to income

This increases the tax liability, furthermore A.O also adds a penalty to it.

My question is will this create any type of case, for example, will this case affect the assessed if he is migrating to another country? will it create a record which can affect migration?

Replies (2)
Nothing of such sort written in income tax act that what will it effect to a person
I guess you have to check for migration related rules under the specific acts
try to complete the penalty proceedings asap and pay all outstanding demands if any


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