Surrendered Technical Service Fee Recorded in Books Lacks Undisclosed Income Status Forvis-a-vis Section 271AAB Penalty
Surrendered Technical Service Fee Recorded in Books Lacks Undisclosed Income Status Forvis-a-vis Section 271AAB Penalty Issue Whether a mere surrender or disclosure of income made in a statement under Section 132(4) automatically qualifies as “undisclosed income” under Section 271AAB, and whether penalty under Section 271AAB can be levied on surrendered technical service fees that were… Read More »