No Penalty Imposed: Assessee Not Asked to Explain Income Source u/s 271AAA.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Penalty u/s 271AAA - assessee was asked to explain the entries in the 'work-in-progress sheet' - assessee was not asked about the manner in which such income was earned and also to substantiate the manner in which undisclosed income was derived - No penalty - AT....