https://www.taxtmi.com/caselaws?id=780419 ITAT GUWAHATI - AT set aside the CIT(A)'s confirmation of penalty under section 271AAB, finding the AO failed to identify or quantify "undisclosed income" from seized documents and the CIT(A) did not deliver a reasoned, speaking order as required by section 250(6). The tribunal restored the appeal to the CIT(A) with directions to examine the seized documents, determine whether and what amount constitutes undisclosed income per the Explanation to s.271AAB, allow the assessee to file submissions, quantify any undisclosed income, and pass a reasoned adjudication on the penalty. en-us Mon, 29 Sep 2025 00:00:00 +0530 Thu, 30 Oct 2025 08:22:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780419 ITAT GUWAHATI - AT set aside the CIT(A)'s confirmation of penalty under section 271AAB, finding the AO failed to identify or quantify "undisclosed income" from seized documents and the CIT(A) did not deliver a reasoned, speaking order as required by section 250(6). The tribunal restored the appeal to the CIT(A) with directions to examine the seized documents, determine whether and what amount constitutes undisclosed income per the Explanation to s.271AAB, allow the assessee to file submissions, quantify any undisclosed income, and pass a reasoned adjudication on the penalty. Case-Laws Income Tax Mon, 29 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780419