Penalty cannot be imposed in respect of income surrendered without linking to incriminating documents

Relevant Extract of the Judgment

3. The relevant facts are that a search & seizure operation was conducted at the premises of the assessee and its group company on 18.02.2011. In response to the notice issued under sec. 153A, the assessee furnished return of income along with year-wise bifurcation

Please become a Premium member. If you are already a Premium member, login here to access the full content.