Surrender after detection of incriminating material with regard to income so surrendered is not voluntary

ITAT DELHI BENCH ‘A’ Ajay Jain versus Assistant Commissioner of Income-tax IT APPEAL NO. 918 (DELHI) OF 2012 [ASSESSMENT YEAR 2007-08] OCTOBER 1, 2012 ORDER A. N. Pahuja, Accountant Member This appeal filed on February 24, 2012, by the assessee against an order, dated February 13, 2012, of the learned Commissioner of Income-tax (Appeals)-XXIV, New Delhi, raises the following grounds : “1. That under the facts and circumstances, the lower authorities erred in law and on merits in levying and sustaining penalty of Rs. 48,413, Rs. 45,073 under section 271(1)(c)...