If income been disclosed by assesse after search by filing return u/s 153A then penalty u/s 271(1)(c) is imposable

Brief of the case:

ITAT Pune held in Mrs Sarita Manjeet Singh Chopra Vs ITO that if the assesse had disclosed its unaccounted income filing return u/s 153A only after it was caught in search by the income tax department then that disclosed income through return would be considered as undisclosed income and penalty u/s 271(1)(C) would be levied on the same because as per sec 271(1)(c) if the amount (cash/bullion etc) had been caught by the income tax department during search and that belong to tha

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