alleryStart learning →Under 270A(6)(a), what excludes income from under-reporting?
AA bona fide explanation with facts
BA mere assurance of future payment
CPayment of interest on the amount
DA revised return filed on notice
Answer & Solution
Correct answer: A. A bona fide explanation with facts
An explanation that the authority finds bona fide, backed by disclosure of all material facts, takes that amount out of under-reported income.
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