https://www.taxtmi.com/article/detailed?id=1762 Immunity from the search linked penalty requires admitting the undisclosed income, substantiating its derivation, and paying the tax with interest; the statute sets these substantive prerequisites but contains no temporal limit for payment, so payment of tax and interest made before the conclusion of penalty proceedings or within the permissible time after a notice of demand satisfies the payment condition for avoiding the penalty. en-us Thu, 07 Jun 2012 17:53:55 +0530 Thu, 07 Jun 2012 17:53:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1762 Immunity from the search linked penalty requires admitting the undisclosed income, substantiating its derivation, and paying the tax with interest; the statute sets these substantive prerequisites but contains no temporal limit for payment, so payment of tax and interest made before the conclusion of penalty proceedings or within the permissible time after a notice of demand satisfies the payment condition for avoiding the penalty. Articles Income Tax Thu, 07 Jun 2012 17:53:55 +0530 https://www.taxtmi.com/article/detailed?id=1762