https://www.taxtmi.com/highlights?id=38157 Levy of penalty - deduction u/s 80IB - Since the revenue had denied deduction thereon in earlier years, it was denied for the year under appeal also - This has nothing to do with the search proceedings so as to fall within the ambit of undisclosed income and consequential levy of penalty u/s 271AAB of the Act.- AT en-us Thu, 01 Mar 2018 07:40:39 +0530 Thu, 01 Mar 2018 07:40:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=38157 Levy of penalty - deduction u/s 80IB - Since the revenue had denied deduction thereon in earlier years, it was denied for the year under appeal also - This has nothing to do with the search proceedings so as to fall within the ambit of undisclosed income and consequential levy of penalty u/s 271AAB of the Act.- AT Highlights Income Tax Thu, 01 Mar 2018 07:40:39 +0530 https://www.taxtmi.com/highlights?id=38157