https://www.taxtmi.com/highlights?id=26488 Penalty u/s 274 r.w.s. 271(1)(c) - undisclosed income - wrong claim of deduction u/s 54 - assessee is exigible to levy of penalty on such income which was detected during the course of search and seizure operation, which in turn has been offered by the assessee in return of income filed pursuant to notice issued u/s 153A - AT en-us Sat, 19 Dec 2015 07:13:28 +0530 Sat, 19 Dec 2015 07:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=26488 Penalty u/s 274 r.w.s. 271(1)(c) - undisclosed income - wrong claim of deduction u/s 54 - assessee is exigible to levy of penalty on such income which was detected during the course of search and seizure operation, which in turn has been offered by the assessee in return of income filed pursuant to notice issued u/s 153A - AT Highlights Income Tax Sat, 19 Dec 2015 07:13:28 +0530 https://www.taxtmi.com/highlights?id=26488