Penalty u/s 271AAB Overturned: Lack of Evidence on Undisclosed Income Related to Son's Marriage Expenses.

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....Addition u/s 271AAB - assessee has disclosed the income after the search - in the assessment order penalty was initiated for the marriage expenses of the son for which no addition is made and the AO failed to record the satisfaction so as to whether the income disclosed were undisclosed income of the assessee or not the levy of the penalty is unsustainable in law. - AT....