https://www.taxtmi.com/caselaws?id=431883 The Tribunal allowed the additional ground of appeal raised by the assessee, quashed the penalty order, and held that the show cause notice issued under Section 274 read with Section 271AAB was vague and invalid. The Tribunal concluded that the income declared by the assessee was not undisclosed income and that the penalty under Section 271AAB was not sustainable. The appeal was allowed, and the order of the CIT(A) sustaining the penalty was quashed. en-us Wed, 30 Nov 2022 00:00:00 +0530 Fri, 03 Mar 2023 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431883 The Tribunal allowed the additional ground of appeal raised by the assessee, quashed the penalty order, and held that the show cause notice issued under Section 274 read with Section 271AAB was vague and invalid. The Tribunal concluded that the income declared by the assessee was not undisclosed income and that the penalty under Section 271AAB was not sustainable. The appeal was allowed, and the order of the CIT(A) sustaining the penalty was quashed. Case-Laws Income Tax Wed, 30 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431883