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transaction; and (e) the amount of undisclosed income referred to in section 271AAB. (7) The penalty referred to in sub-section (1) shall

notwithstanding anything contained in this Act other than the provisions of section 271AAB, direct that, in a case where the income determined includes any income

facts that the notice was issued for imposition of penalty u/s 271AAB and not for imposition of penalty ... undisclosed income, the assessing officer has initiated penalty proceedings under Sections 271AAB of the Act. A notice dated 24.9.2015 has been issued of which

Shri Manoj Beswal, by which he deleted the penalty imposed u/s. 271AAB of the Income-tax Act, 1961 (hereinafter referred ... accepting the returned income and penalty proceedings were initiated u/s. 271AAB of the Act on the amount disclosed during search

which he deleted the penalty imposed u/s. 271AAB of the Income-tax Act, 1961 (hereinafter referred to as the "Act").. 2. Briefly ... assessee in the ROI) and penalty proceedings were initiated u/s. 271AAB of the Act on the amount disclosed during search

imposed by the Assessing officer u/s 271AAB of the Income Tax Act, 1961." 2 ITA No. 359/JP/2017 Shri Rajendra Kumar Gupta ... circumstances of the case, notice issued by the Assessing officer u/s 271AAB of the Income tax Act is wrong

order dated 30.09.2015 u/s 271AAB of the Income Tax Act, 1961 (in short 'the Act'). Heard both the parties. Case file perused ... been held that it is not mandatory to impose penalty u/s 271AAB in each and every case even if the assessee has made

action imposing the penalt(ies) in issue; involving proceedings u//s 271AAB of the Income Tax Act, 1961; in short 'the Act'. Relevant ... Assessing Officer's action in part imposing the impugned u/s 271AAB penalt(ies) in relation to the search in question dated

erred in confirming the penalty u/s. 271AAB of the Act in principle. 16 ITA.NOs. 4941, 4942 & 4943/MUM/2018 M/s Coast ... Counsel for the assessee submitted that the penalty order passed u/s. 271AAB of the Act for the assessment year under consideration

Indore dated 10.07.2018 which is arising out of the order u/s 271AAB of the Income Tax Act 1961(In short ... penalty of Rs. 2,04,900/- levied by the AO u/s 271AAB in respect of alleged unaccounted cash of Rs. 6,83,000/-. That