https://www.taxtmi.com/caselaws?id=801876 Undisclosed income for search-penalty purposes includes unrecorded money, entries or transactions detected during a search and not disclosed beforehand. Reduction of a quantum addition alone does not remove its undisclosed or concealed character where the surviving amount remains unrecorded or concealed. The applicable minimum penalty rate under section 271AAB(1)(c) at the relevant time was 30%, not 60%. For section 271(1)(c), a penalty notice identifying concealment as the specific charge, supported by recorded assessment-stage satisfaction, can sustain penalty despite a reduced quantum addition. en-us Thu, 22 Oct 2026 00:00:00 +0530 Wed, 28 Oct 2026 07:16:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801876 Undisclosed income for search-penalty purposes includes unrecorded money, entries or transactions detected during a search and not disclosed beforehand. Reduction of a quantum addition alone does not remove its undisclosed or concealed character where the surviving amount remains unrecorded or concealed. The applicable minimum penalty rate under section 271AAB(1)(c) at the relevant time was 30%, not 60%. For section 271(1)(c), a penalty notice identifying concealment as the specific charge, supported by recorded assessment-stage satisfaction, can sustain penalty despite a reduced quantum addition. Case-Laws Income Tax Thu, 22 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801876