No Penalty Imposed u/s 271AAA for Assessee Who Surrendered Income Without Specific Query on Income Source.

No Penalty Imposed u/s 271AAA for Assessee Who Surrendered Income Without Specific Query on Income Source. https://www.taxtmi.com/highlights?id=42182 Penalty levied u/s 271AAA - the assessee in the instant case has surrendered additional income and paid the taxes due thereon and no specific query was raised by the search party at the time of search to substantiate the manner of earning such income - No penalty. en-us Mon, 22 Oct 2018 09:54:08 +0530 Mon, 22 Oct 2018 09:54:08 +0530 TaxTMI RSS Generator No Penalty Imposed u/s 271AAA for Assessee Who Surrendered Income Without Specific Query on Income Source. https://www.taxtmi.com/highlights?id=42182 Penalty levied u/s 271AAA - the assessee in the instant case has surrendered additional income and paid the taxes due thereon and no specific query was raised by the search party at the time of search to substantiate the manner of earning such income - No penalty. Highlights Income Tax Mon, 22 Oct 2018 09:54:08 +0530 https://www.taxtmi.com/highlights?id=42182