TMI BlogPenalty u/s 271AAA - assessee failed to substantiate the manner in which undisclosed income was derived...Penalty u/s 271AAA - assessee failed to substantiate the manner in which undisclosed income was derived - from the statement of director, no such question had been asked to the assessee - the failure on the part of the AO in not inquiring specifically should not go against the assessee - No penalty. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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