No Penalty Under Section 271AAA Based on Presumed Sales of Unfound Stock Without Search Evidence
No Penalty Under Section 271AAA Based on Presumed Sales of Unfound Stock Without Search Evidence Issue Whether penalty under Section 271AAA can be levied on an addition made for short physical stock of diamonds based on a mere presumption of unrecorded sales without any tangible evidence found during the search. Facts Search Operations: For Assessment… Read More »