Penalty U/s. 271AAA cannot be levied if revenue NOT Made enquiry as regards manner of deriving of undisclosed income

JCIT Vs Shri Jayendra N. Shah (ITAT Ahmedabad)

Learned Departmental Representative vehemently contends that the CIT(A) has erred in law and on facts in deleting the impugned penalty as imposed by the Assessing Officer on account of assessee’s failure in specifying the manner o

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