https://www.taxtmi.com/highlights?id=44094 Penalty u/s 271AAA - The surrendered amount was declared in the return of income u/s 153A as misc. income. AO accepted this surrendered amount as misc. income as declared by the assessee in the return of income and levied the income tax on it accordingly - No penalty. en-us Thu, 24 Jan 2019 18:32:06 +0530 Thu, 24 Jan 2019 18:32:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=44094 Penalty u/s 271AAA - The surrendered amount was declared in the return of income u/s 153A as misc. income. AO accepted this surrendered amount as misc. income as declared by the assessee in the return of income and levied the income tax on it accordingly - No penalty. Highlights Income Tax Thu, 24 Jan 2019 18:32:06 +0530 https://www.taxtmi.com/highlights?id=44094