No Penalty u/s 271AAB: Statement Alone Not Incriminating Without Corresponding Asset or Document Entry.

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....Penalty u/s 271AAB - surrender of cash and jewellery pursuant to search - Statement recorded u/s 132(4) of the Act itself would not either constitute an incriminating material or ‘’undisclosed income’’ in the absence of any corresponding asset or entry in the seized documents representing the ‘’undisclosed income’’ - No Penalty - AT....