https://www.taxtmi.com/highlights?id=69653 Penalty u/s 271AAB(1A) - once the document which has the characteristics of ‘undisclosed income’ found and recovered during the course of search and based on such document, the assessee made the declaration and thereafter, filed return of income, then in that eventuality, in our view, the said income would partake the characteristics of ‘undisclosed income’. - Levy of penalty confirmed - AT en-us Mon, 08 May 2023 07:36:35 +0530 Mon, 08 May 2023 07:36:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=69653 Penalty u/s 271AAB(1A) - once the document which has the characteristics of ‘undisclosed income’ found and recovered during the course of search and based on such document, the assessee made the declaration and thereafter, filed return of income, then in that eventuality, in our view, the said income would partake the characteristics of ‘undisclosed income’. - Levy of penalty confirmed - AT Highlights Income Tax Mon, 08 May 2023 07:36:35 +0530 https://www.taxtmi.com/highlights?id=69653