https://www.taxtmi.com/caselaws?id=757303 ITAT Chennai upheld penalty under Section 271AAB against assessee for service tax refund additions. Tribunal ruled that assessee's case fell under Clause (c) of Section 271AAB(1) as admission made was not honored in income return. Penalty order was within prescribed time limits under Section 275(1), passed on 23-03-2020 after quantum appeal disposal on 27-09-2019. Tribunal rejected arguments regarding natural justice violation, finding adequate hearing opportunity was provided. Assessee's contention that penalty was barred by limitation was dismissed. Appeal rejected as surrendered but unadmitted income constituted undisclosed income under the provision. en-us Thu, 01 Feb 2024 00:00:00 +0530 Thu, 22 Aug 2024 09:07:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757303 ITAT Chennai upheld penalty under Section 271AAB against assessee for service tax refund additions. Tribunal ruled that assessee's case fell under Clause (c) of Section 271AAB(1) as admission made was not honored in income return. Penalty order was within prescribed time limits under Section 275(1), passed on 23-03-2020 after quantum appeal disposal on 27-09-2019. Tribunal rejected arguments regarding natural justice violation, finding adequate hearing opportunity was provided. Assessee's contention that penalty was barred by limitation was dismissed. Appeal rejected as surrendered but unadmitted income constituted undisclosed income under the provision. Case-Laws Income Tax Thu, 01 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757303