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![Income Voluntarily surrendered during Search cannot be treated as ‘Undisclosed Income’ for Imposing Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/10/Undisclosed-Income-Taxscan.jpg "Income Voluntarily surrendered during Search cannot be treated as ‘Undisclosed Income’ for Imposing Penalty: ITAT [Read Order]")
Income Voluntarily surrendered during Search cannot be treated as ‘Undisclosed Income’ for Imposing Penalty: ITAT [Read Order]
Kolkata bench of the Income Tax Appellate Tribunal, in DCIT v. Shri Ravi Kumar Khaitan, held that penalty under section 271AAA of the Income Tax Act...