TMI Blog2024 (1) TMI 597X X X X Extracts X X X X X X X X Extracts X X X X ..... n instance of both these assessees having derived their undisclosed income in above terms u/sec. 271AAB Explanation-(c) (i)(A) of the Act representing their tuition fee in various educational institutions. And also that the department had come across the corresponding seized material during the course of search herein dated 05.08.2015 which made these assessees to admit additional income of Rs. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g material followed by their search admission(s), we find no reason to interfere with the learned lower authorities action invoking sec. 271AAB penalties in their respective cases. These assessees fail in their respective grounds therefore. - SHRI SATBEER SINGH GODARA, JUDICIAL MEMBER AND DR. DIPAK RIPOTE, ACCOUNTANT MEMBER For the Appellant : None For the Respondent : Smt. Rashmi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... id-2019 pandemic outbreak period between 15.03.2020 to 28.02.2022 as per hon ble apex court s directions in Cognizance for Extension of Limitation, In re 438 ITR 296 (SC) read with judgment in Cognizance for Extension of Limitation, In re 432 ITR 206 (SC) dated 08-03-2021 and 421 ITR 314, excluding the covid-19 pandemic outbreak period from for all intents and purposes under the limitation law. We ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... various educational institutions. And also that the department had come across the corresponding seized material during the course of search herein dated 05.08.2015 which made these assessees to admit additional income of Rs. 41 lakhs 2 coming to Rs. 20.50 lakhs each (supra) which stood declared in their respective returns. The assessees sole substantive grievance appears to be that the Assess ..... X X X X Extracts X X X X X X X X Extracts X X X X
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