https://www.taxtmi.com/caselaws?id=386962 The court upheld the decision of the Commissioner of Income Tax (Appeals) and dismissed the revenue's appeal, concluding that the assessee had sufficiently complied with the requirements of section 271AAA(2)(i) and (ii) by disclosing the undisclosed income and its manner of derivation during the search operation. The court found that the assessee's explanation was satisfactory, leading to the deletion of the penalty imposed under section 271AAA of the Income Tax Act. en-us Tue, 17 Sep 2019 00:00:00 +0530 Fri, 24 Jan 2020 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386962 The court upheld the decision of the Commissioner of Income Tax (Appeals) and dismissed the revenue's appeal, concluding that the assessee had sufficiently complied with the requirements of section 271AAA(2)(i) and (ii) by disclosing the undisclosed income and its manner of derivation during the search operation. The court found that the assessee's explanation was satisfactory, leading to the deletion of the penalty imposed under section 271AAA of the Income Tax Act. Case-Laws Income Tax Tue, 17 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386962