https://www.taxtmi.com/highlights?id=64374 Penalty @ 10% u/s 271AAA - undisclosed income - there was no other undisclosed income to identify with the seized materials/Panchanama, the assessee while filing the return of income pursuant to section 153A - taking note that the amount has been brought to tax by the AO though not shown by the assessee in the Return of Income, the penalty u/s. 271 AAA of the Act cannot be legally sustained. - AT en-us Fri, 01 Jul 2022 12:49:30 +0530 Fri, 01 Jul 2022 12:49:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64374 Penalty @ 10% u/s 271AAA - undisclosed income - there was no other undisclosed income to identify with the seized materials/Panchanama, the assessee while filing the return of income pursuant to section 153A - taking note that the amount has been brought to tax by the AO though not shown by the assessee in the Return of Income, the penalty u/s. 271 AAA of the Act cannot be legally sustained. - AT Highlights Income Tax Fri, 01 Jul 2022 12:49:30 +0530 https://www.taxtmi.com/highlights?id=64374