https://www.taxtmi.com/highlights?id=48968 Penalty u/s 271AAB - income surrendered based on diary found in search - the assessee was having only income from house property and interest and not carrying on any business, he was not required to maintain any such books of account under the law - the amount so surrendered cannot be said to be undisclosed income - no penalty en-us Thu, 29 Aug 2019 07:32:23 +0530 Thu, 29 Aug 2019 07:32:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48968 Penalty u/s 271AAB - income surrendered based on diary found in search - the assessee was having only income from house property and interest and not carrying on any business, he was not required to maintain any such books of account under the law - the amount so surrendered cannot be said to be undisclosed income - no penalty Highlights Income Tax Thu, 29 Aug 2019 07:32:23 +0530 https://www.taxtmi.com/highlights?id=48968