Penalty u/s 271(1)(c) towards addition not made voluntary is justified

Shavva Sudheer Reddy Vs ACIT (ITAT Hyderabad) ITAT Hyderabad held that as addition was not made voluntary but was made only after the search and incriminating evidences found during the search, accordingly, penalty u/s 271(1)(c) of the Income Tax Act towards such addition is sustainable. Facts- Assessment u/s. 143(3) r.w.s 153A was completed on 30.12.2019 by making addition of undisclosed investment u/s. 69B of the IT Act of Rs.36,50,000/-thereby assessing total income at Rs.94,50,000/-. The Assessing Officer has gone through the facts and circumstances of the case and since the assessee had a...