https://www.taxtmi.com/highlights?id=66691 Penalty u/s 271(1)(c) - income declared duty survey - voluntary delcaration or not - it is not a case wherein a disclosure was voluntarily made, indeed the assessee accepted the differential amount of business profit earned by him only after the same was brought to surface owing to survey action u/s 133A otherwise actual business profits would have remained un-assessed and untaxed, if survey action could not have taken place - Penalty sustained - AT en-us Tue, 22 Nov 2022 16:19:35 +0530 Tue, 22 Nov 2022 16:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66691 Penalty u/s 271(1)(c) - income declared duty survey - voluntary delcaration or not - it is not a case wherein a disclosure was voluntarily made, indeed the assessee accepted the differential amount of business profit earned by him only after the same was brought to surface owing to survey action u/s 133A otherwise actual business profits would have remained un-assessed and untaxed, if survey action could not have taken place - Penalty sustained - AT Highlights Income Tax Tue, 22 Nov 2022 16:19:35 +0530 https://www.taxtmi.com/highlights?id=66691