When the taxpayer files application for settlement of the case the additional amount of income-tax payable, as a result of search, on the income disclosed in the application must exceed :

CS Executive · Tax Laws and Practice · PYQS · December 2019
When the taxpayer files application for settlement of the case the additional amount of income-tax payable, as a result of search, on the income disclosed in the application must exceed :
(A) ₹10,00,000
(B) ₹25,00,000
(C) ₹50,00,000
(D) ₹1,00,00,000

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax

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