also imposed on the petitioner
under section 271AAB of the IT Act. The penalty order was challenged by the
petitioner before the Appellate Authority
ORDER OF PENALTY DATED
19.09.2025 ISSUED BY THE 2ND RESPONDENT UNDER
SECTION 271AAB OF THE ACT, FOR THE A.Y 2017-18
Exhibit P2 TRUE
ORDER OF PENALTY DATED
25.09.2024 ISSUED BY THE 2ND RESPONDENT UNDER
SECTION 271AAB OF THE ACT, FOR THE A.Y 2022-
23
Exhibit P2 TRUE
ORDER OF PENALTY DATED
25.09.2024 ISSUED BY THE 2ND RESPONDENT UNDER
SECTION 271AAB(1) OF THE ACT, FOR THE A.Y
2016-17
Exhibit
Crores.
In the meantime, the penalty proceedings were initiated under Sections
271AAB(1A)(b) of the Act resulting in Ext.P3 order. Challenging
Crores. In the meantime, the penalty proceedings were initiated under
Sections 271AAB(1A)(b) of the Act resulting in Ext.P3 order. Challenging
February, 2025
JUDGMENT
Petitioner has been imposed with a penalty under Section
271AAB(1A) of the Income Tax Act, 1961, for the assessment year
amount of undisclosed income. It is
submitted that penalty under Section 271AAB of the Income Tax
Act is almost automatic and no fault ... counsel for the petitioner in reply states that
the penalty under Section 271AAB of the Income Tax Act is not
automatic and considering the facts
ORDER OF PENALTY DATED
22.09.2025 ISSUED BY THE 2ND RESPONDENT
UNDER SECTION 271AAB OF THE ACT, FOR THE
A.Y 2020-21
Exhibit P2 TRUE
ORDER OF PENALTY DATED
19.09.2025 ISSUED BY THE 2ND RESPONDENT
UNDER SECTION 271AAB OF THE ACT, FOR THE
A.Y 2019-20
Exhibit P2 TRUE