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No Penalty Imposed u/s 271AAA for Assessee Who Surrendered Income Without Specific Query on Income Source.

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Full Text of the Document

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....Penalty levied u/s 271AAA - the assessee in the instant case has surrendered additional income and paid the taxes due thereon and no specific query was raised by the search party at the time of search to substantiate the manner of earning such income - No penalty.....