Surrendering income to avoid litigation won't save sec. 271AAA penalty unless its earning manner is disclosed

IT : Where in pursuance to notice issued under section 153A, assessee failed to specify and substantiate manner in which undisclosed income was derived rather embarked upon mercy plea that he was making surrender to buy peace of mind and avoid litigation, he was not entitled for benefit of section 271AAA(2) and, thus, impugned penalty order was to be confirmed

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