No Section 271AAB Penalty as AO failed to link disclosed income with material found during search

DCIT Vs Tanya Jaiswal (ITAT Delhi)

ITAT Delhi held that penalty u/s. 271AAB of the Income Tax Act not imposable as AO failed to link additional income disclosed by the assessee with the incriminating material found during search. Thus, penalty u/s. 271AAB deleted.

Facts- In penalty proceedings u/s 271AAB of the A

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