Under reporting of income

under which section under reporting of income
will be assessed for the F. Y. 2014-15 to 2018-19
Replies (2)
Quick Summary
This discussion clarifies the sections of tax law applicable to underreporting income for the financial years 2014-15 to 2018-19. Specifically, it highlights Section 147, which deals with the assessment or reassessment of incomes that have escaped assessment. This section is invoked when income has been understated or an excessive loss, deduction, or allowance has been claimed.

Sec 147: Assessment or reassessment of incomes escaping assessment
income has been understated or excessive loss, deduction or allowance has been claimed
U/s 147

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