Vague Penalty Notices and Correctly Recorded Ongoing Financial Year Expenses Cannot Support Under-Reporting or Undisclosed Income Penalties
Vague Penalty Notices and Correctly Recorded Ongoing Financial Year Expenses Cannot Support Under-Reporting or Undisclosed Income Penalties Issue Whether a penalty notice issued under Section 274 read with Section 270A without specifying the precise clause of Section 270A(2) is legally sustainable? Whether expenditure recorded in unofficial books (kaccha books) during an ongoing financial year can… Read More »