https://www.taxtmi.com/caselaws?id=361038 The Tribunal upheld the CIT(A)'s decision, concluding that the income from commodity trading, recorded in other documents and declared in the return, did not constitute "undisclosed income" as defined under Section 271AAB. Consequently, the penalty imposed by the AO was not justified. Both appeals by the revenue were dismissed, and the deletion of the penalty under Section 271AAB by the CIT(A) was confirmed. en-us Fri, 25 May 2018 00:00:00 +0530 Mon, 28 May 2018 10:43:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361038 The Tribunal upheld the CIT(A)'s decision, concluding that the income from commodity trading, recorded in other documents and declared in the return, did not constitute "undisclosed income" as defined under Section 271AAB. Consequently, the penalty imposed by the AO was not justified. Both appeals by the revenue were dismissed, and the deletion of the penalty under Section 271AAB by the CIT(A) was confirmed. Case-Laws Income Tax Fri, 25 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361038