https://www.taxtmi.com/caselaws?id=471302 Section 271AAB treats income admitted during a search as undisclosed income where the taxpayer specifies the manner in which it was derived, declares it in the return, and pays the related tax. A substantially higher net-profit rate than in preceding years may support the conclusion that the income would not have been voluntarily disclosed without the search. Where these statutory conditions are met, penalty at the prescribed 10 per cent rate is sustainable. en-us Thu, 13 Nov 2025 00:00:00 +0530 Fri, 28 Aug 2026 20:38:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471302 Section 271AAB treats income admitted during a search as undisclosed income where the taxpayer specifies the manner in which it was derived, declares it in the return, and pays the related tax. A substantially higher net-profit rate than in preceding years may support the conclusion that the income would not have been voluntarily disclosed without the search. Where these statutory conditions are met, penalty at the prescribed 10 per cent rate is sustainable. Case-Laws Income Tax Thu, 13 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471302