https://www.taxtmi.com/caselaws?id=461002 ITAT Jaipur upheld CIT(A)'s deletion of penalty under section 271AAA. During search, undisclosed cash was found but assessee satisfied all three immunity conditions: admitted undisclosed income in statement under section 132(4) specifying it derived from financing and brokerage business, substantiated the manner of income derivation as accepted by AO, and paid tax with interest. Revenue's appeal was dismissed as all statutory requirements for penalty immunity were fulfilled. en-us Fri, 07 Oct 2016 00:00:00 +0530 Thu, 06 Mar 2025 18:58:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461002 ITAT Jaipur upheld CIT(A)'s deletion of penalty under section 271AAA. During search, undisclosed cash was found but assessee satisfied all three immunity conditions: admitted undisclosed income in statement under section 132(4) specifying it derived from financing and brokerage business, substantiated the manner of income derivation as accepted by AO, and paid tax with interest. Revenue's appeal was dismissed as all statutory requirements for penalty immunity were fulfilled. Case-Laws Income Tax Fri, 07 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461002