Income Tax | ITAT Mumbai Restricts Section 271AAB Penalty on Unreconciled Jewellery to 10%

ITAT Mumbai holds unreconciled jewellery of ₹29.75 lakh as undisclosed income but restricts Section 271AAB penalty from 30% to 10%. The post ITAT Mumbai Restricts Section 271AAB Penalty on Unreconciled Jewellery to 10% appeared first on TaxGuru .