Sir. during the assessment proceedings, certain amount is added u/s.69A which belongs to the cash deposits during the demonitisation period - assessment year 2017-2018 . Penality notice was also issued U/s. 271CCA(1).
sir. any case law's which will help me for waivor of penalty.
Waiver of penalty ?? But on what grounds ?
Penalty provisions are applied only after one fails to substantiate the source of cash deposits.
CAclubindia
