https://www.taxtmi.com/caselaws?id=773181 ITAT Chandigarh allowed the assessee's appeal and deleted penalty u/s 271AAA. The AO imposed penalty alleging the assessee failed to substantiate the manner of deriving undisclosed income surrendered during search. However, ITAT found no specific question was put to the assessee during search proceedings to explain the mode of earning such income. Following a similar group case precedent involving the same assessee for A.Y. 2012-13, where CIT(A)'s penalty deletion was confirmed, ITAT held the penalty was not sustainable and allowed the appeal. en-us Tue, 22 Apr 2025 00:00:00 +0530 Wed, 18 Jun 2025 15:15:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773181 ITAT Chandigarh allowed the assessee's appeal and deleted penalty u/s 271AAA. The AO imposed penalty alleging the assessee failed to substantiate the manner of deriving undisclosed income surrendered during search. However, ITAT found no specific question was put to the assessee during search proceedings to explain the mode of earning such income. Following a similar group case precedent involving the same assessee for A.Y. 2012-13, where CIT(A)'s penalty deletion was confirmed, ITAT held the penalty was not sustainable and allowed the appeal. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773181