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Case Law Details

Case Name : DCIT Vs. Shri Suresh Karmakar (ITAT Kolkata)
Related Assessment Year : 2010- 11
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DCIT Vs. Shri Suresh Karmakar (ITAT Kolkata)

Income declared cannot be called retraced if same was included in 2nd revised return but not in Original and First Revise Return further Sec. 271AAA(2) not mandates offering of undisclosed income in return of income.

We find that the assessee had satisfied all the three conditions prescribed in 271AAA(2) of the Act. The assessee had even though retracted the 132(4) statement by not offering the undisclosed income in the original return of income and in the first

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