Appellate authority confirms penalty for undisclosed income u/s 271AAA, not section 271(1)(c), as initially applied.

Appellate authority confirms penalty for undisclosed income u/s 271AAA, not section 271(1)(c), as initially applied. https://www.taxtmi.com/highlights?id=71235 Penalty u/s 271(1)(c) OR 271AAA - Addition of undisclosed income found during search proceedings - No infirmity in the order of the ld.CIT(A) holding that the correct section for levy of penalty in the present case was under section 271AAA and not section 271(1)(c) which was invoked by the AO. - AT en-us Tue, 01 Aug 2023 09:02:21 +0530 Wed, 02 Aug 2023 17:44:15 +0530 TaxTMI RSS Generator Appellate authority confirms penalty for undisclosed income u/s 271AAA, not section 271(1)(c), as initially applied. https://www.taxtmi.com/highlights?id=71235 Penalty u/s 271(1)(c) OR 271AAA - Addition of undisclosed income found during search proceedings - No infirmity in the order of the ld.CIT(A) holding that the correct section for levy of penalty in the present case was under section 271AAA and not section 271(1)(c) which was invoked by the AO. - AT Highlights Income Tax Tue, 01 Aug 2023 09:02:21 +0530 https://www.taxtmi.com/highlights?id=71235