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Concealment penalty proceedings u/s 271(1)(c) have been initiated on undisclosed income of Rs.3150 crore of deposits made in unreported foreign bank accounts

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Concealment Penalty Proceedings U/S 271(1)(C) of Income Tax Act 1961 Initiated in 128 Cases in which Assessments were Completed While in the Remaining Cases, Assessment Proceedings are at Advance Stage;  Information About Hsbc Foreign Bank Accounts was Received from the French Authorities in Respect Of 628 Indian Persons/Entities; Necessary Investigation as Per The Provisions of … Read more