Penalty u/s 271AAB - undisclosed investment - the assessee is a salaried person who is not required to...

Penalty u/s 271AAB - undisclosed investment - the assessee is a salaried person who is not required to maintain any books of accounts and there is no mechanism to report the investment in the tax return, hence the investment found in property cannot be held as undisclosed investment and more so, undisclosed income so defined in section 271AAB - no penalty .....

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