https://www.taxtmi.com/highlights?id=63262 Levy of penalty u/s 271(1)(c) r.w.s. 271AAA - There is nothing in the provisions of section 271AAA to say that an assessee is required to disclose the manner in which the undisclosed income is derived and its substantiation only on a query posed to him by the Investigation Officer. Such construction only amount to adding words to the statute which is not a permissible rule of interpretation. - AT en-us Wed, 04 May 2022 08:31:42 +0530 Wed, 04 May 2022 08:31:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=63262 Levy of penalty u/s 271(1)(c) r.w.s. 271AAA - There is nothing in the provisions of section 271AAA to say that an assessee is required to disclose the manner in which the undisclosed income is derived and its substantiation only on a query posed to him by the Investigation Officer. Such construction only amount to adding words to the statute which is not a permissible rule of interpretation. - AT Highlights Income Tax Wed, 04 May 2022 08:31:42 +0530 https://www.taxtmi.com/highlights?id=63262