Returned Income Accepted Without Variation Under Section 148 Cannot Be Penalized As Under-Reported Income
Returned Income Accepted Without Variation Under Section 148 Cannot Be Penalized As Under-Reported Income Issue Whether Section 270A creates an irrebuttable presumption of under-reporting when a return of income is filed for the first time in response to a notice under Section 148. Whether income voluntarily declared by an assessee and accepted in full by… Read More »