Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
No Penalty Exception u/s 271AAA(2) if Undisclosed Income is Declared only during Assessment Proceedings: Supreme Court
Income TaxOther Legal Matters
The Supreme Court ruled that no penalty can be levied if undisclosed income is declared only during assessment proceedings. This clarifies the circumstances under which penalties can be imposed for undisclosed income. It provides guidance to taxpayers and tax authorities on this issue.
