https://www.taxtmi.com/highlights?id=59608 Penalty levied u/s 271AAB - conversion of survey action into search - detection of undisclosed income u/s 133A or u/s 132 - The objection of ld. CIT-DR for the revenue is concern that the Ld. CIT(A) when survey proceedings at one premise has been converted into search, it became a search case and the entire disclosure made by assessee-firm on the basis of excess stock not recorded in their books of account to be considered at undisclosed income for the purpose of section 271AAB - The objection of the revenue does not have any merit - AT en-us Thu, 09 Sep 2021 13:20:37 +0530 Thu, 09 Sep 2021 13:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=59608 Penalty levied u/s 271AAB - conversion of survey action into search - detection of undisclosed income u/s 133A or u/s 132 - The objection of ld. CIT-DR for the revenue is concern that the Ld. CIT(A) when survey proceedings at one premise has been converted into search, it became a search case and the entire disclosure made by assessee-firm on the basis of excess stock not recorded in their books of account to be considered at undisclosed income for the purpose of section 271AAB - The objection of the revenue does not have any merit - AT Highlights Income Tax Thu, 09 Sep 2021 13:20:37 +0530 https://www.taxtmi.com/highlights?id=59608