Penalty Imposed for 'Undisclosed Income' Found in Search, Even if Declared and Included in Return Under Sec 271AAB(1A.

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....Penalty u/s 271AAB(1A) - once the document which has the characteristics of ‘undisclosed income’ found and recovered during the course of search and based on such document, the assessee made the declaration and thereafter, filed return of income, then in that eventuality, in our view, the said income would partake the characteristics of ‘undisclosed income’. - Levy of penalty confirmed - AT....