https://www.taxtmi.com/highlights?id=50202 Penalty u/s. 271AAB - 10% OR 30% of undisclosed income - the department having taken the huge amount in their custody, cannot take unjust enrichment of it, when on one hand the department says it is assessees undisclosed income and then, not doing what he [assessee] directs to do with his money and thereafter finding fault with him and penalizing him for their [revenue] own omission cannot be accepted. en-us Thu, 14 Nov 2019 10:34:36 +0530 Wed, 13 Nov 2019 18:20:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50202 Penalty u/s. 271AAB - 10% OR 30% of undisclosed income - the department having taken the huge amount in their custody, cannot take unjust enrichment of it, when on one hand the department says it is assessees undisclosed income and then, not doing what he [assessee] directs to do with his money and thereafter finding fault with him and penalizing him for their [revenue] own omission cannot be accepted. Highlights Income Tax Thu, 14 Nov 2019 10:34:36 +0530 https://www.taxtmi.com/highlights?id=50202