https://www.taxtmi.com/caselaws?id=471856 Search-related penalty under Section 271AAB is not automatic and requires a notice that identifies the statutory charge, applicable clause and proposed penalty rate, enabling a meaningful response. A notice referring only to concealment or inaccurate particulars, without alleging undisclosed income, is substantively defective. Land-payment entries in seized material do not establish undisclosed income merely because they are admitted during search. Vague entries showing an alleged outflow, without transaction details, supporting records or independent verification, do not prove income for the relevant year. Penalty requires independent proof that the amount falls within the statutory definition of undisclosed income. en-us Mon, 27 Jul 2020 00:00:00 +0530 Mon, 21 Sep 2026 18:20:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471856 Search-related penalty under Section 271AAB is not automatic and requires a notice that identifies the statutory charge, applicable clause and proposed penalty rate, enabling a meaningful response. A notice referring only to concealment or inaccurate particulars, without alleging undisclosed income, is substantively defective. Land-payment entries in seized material do not establish undisclosed income merely because they are admitted during search. Vague entries showing an alleged outflow, without transaction details, supporting records or independent verification, do not prove income for the relevant year. Penalty requires independent proof that the amount falls within the statutory definition of undisclosed income. Case-Laws Income Tax Mon, 27 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471856