https://www.taxtmi.com/caselaws?id=382290 ITAT DELHI-AT dismissed Revenue's appeal and confirmed CIT(A)'s deletion of penalty under s.271AAB. The Tribunal held no incriminating evidence, documents, stock or cash were found in search to represent the assessee's voluntary addition of Rs. 31,00,00,000; the declared income was not represented by assets, books entries or transactions discovered during search and thus did not constitute "undisclosed income" under Explanation (c). The Tribunal adopted reasoning of a coordinate bench on identical facts and found no merit in Revenue's contentions. en-us Mon, 27 May 2019 00:00:00 +0530 Sat, 27 Sep 2025 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382290 ITAT DELHI-AT dismissed Revenue's appeal and confirmed CIT(A)'s deletion of penalty under s.271AAB. The Tribunal held no incriminating evidence, documents, stock or cash were found in search to represent the assessee's voluntary addition of Rs. 31,00,00,000; the declared income was not represented by assets, books entries or transactions discovered during search and thus did not constitute "undisclosed income" under Explanation (c). The Tribunal adopted reasoning of a coordinate bench on identical facts and found no merit in Revenue's contentions. Case-Laws Income Tax Mon, 27 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382290