https://www.taxtmi.com/highlights?id=38334 Penalty u/s 271AAA - disclosure of unaccounted income during search - assessee did not specify how she derived that income and what head it fell in (rent, capital gain, professional or business income out of money lending, source of the money etc) - the lower appellate authorities misdirected themselves in holding that the conditions in Section 271AAA (2) were satisfied by the assessee. - HC en-us Wed, 14 Mar 2018 06:52:35 +0530 Wed, 14 Mar 2018 06:52:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=38334 Penalty u/s 271AAA - disclosure of unaccounted income during search - assessee did not specify how she derived that income and what head it fell in (rent, capital gain, professional or business income out of money lending, source of the money etc) - the lower appellate authorities misdirected themselves in holding that the conditions in Section 271AAA (2) were satisfied by the assessee. - HC Highlights Income Tax Wed, 14 Mar 2018 06:52:35 +0530 https://www.taxtmi.com/highlights?id=38334