No Penalty u/s 271AAB: Surrendered Income Not Undisclosed for Non-Business Assessee After Diary Search.

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....Penalty u/s 271AAB - income surrendered based on diary found in search - the assessee was having only income from house property and interest and not carrying on any business, he was not required to maintain any such books of account under the law - the amount so surrendered cannot be said to be undisclosed income - no penalty....