https://www.taxtmi.com/highlights?id=47328 Penalty u/s 271AAB - surrender of ₹ 50 lacs an account of any other discrepancy or irregularity - no such discrepancy or irregularity was found by the AO then the mere surrender U/s 132(4)will not ipso facto attract the penalty U/s 271AAB until and unless the same is qualified as undisclosed income as per definition provided in the explanation to Section 271AAB - Penalty deleted en-us Thu, 20 Jun 2019 15:41:37 +0530 Thu, 20 Jun 2019 15:41:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47328 Penalty u/s 271AAB - surrender of ₹ 50 lacs an account of any other discrepancy or irregularity - no such discrepancy or irregularity was found by the AO then the mere surrender U/s 132(4)will not ipso facto attract the penalty U/s 271AAB until and unless the same is qualified as undisclosed income as per definition provided in the explanation to Section 271AAB - Penalty deleted Highlights Income Tax Thu, 20 Jun 2019 15:41:37 +0530 https://www.taxtmi.com/highlights?id=47328