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![Income surrendered during Search and Seizure cannot be treated as Undisclosed: ITAT deletes Penalty u/s 271AAB of Income Tax Act [Read Order] Income surrendered during Search and Seizure cannot be treated as Undisclosed: ITAT deletes Penalty u/s 271AAB of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Income-surrendered-during-Search-and-seizure-cannot-be-treated-as-Undisclosed-ITAT-deletes-Penalty-Income-Tax-Act-TAXSCAN.jpg)
Income surrendered during Search and Seizure cannot be treated as 'Undisclosed': ITAT deletes Penalty u/s 271AAB of Income Tax Act [Read Order]
The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that income surrendered during search and seizure cannot be treated as an...



![ITAT dismiss Ex Parte order passed without consider Savings of housewife Deposit in Joint Account [Read Order] ITAT dismiss Ex Parte order passed without consider Savings of housewife Deposit in Joint Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-dismiss-Ex-Parte-order-passed-without-consider-Savings-of-housewife-Deposit-in-Joint-Account-TAXSCAN.jpg)
![Capital Gain Tax shall not be chargeable to Immovable Property Gifted to daughter -in -law by wrongly Executed Sale Deed instead of Gift Deed: ITAT [Read Order] Capital Gain Tax shall not be chargeable to Immovable Property Gifted to daughter -in -law by wrongly Executed Sale Deed instead of Gift Deed: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Capital-Gain-Tax-chargeable-Immovable-Property-Gifted-daughter-in-law-wrongly-Executed-Sale-Deed-Gift-Deed-ITAT-TAXSCAN.jpg)
![No addition can be made on Interest Received from Arbitration Award for Settle Dispute with respect to Contact of Payment: ITAT [Read Order] No addition can be made on Interest Received from Arbitration Award for Settle Dispute with respect to Contact of Payment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/addition-Interest-Arbitration-Award-Dispute-Contact-Payment-ITAT-taxscan.jpg)
![Deduction u/s 54 F Income Tax Act shall not be denied by reason of Sale Amount is not deposited in Capital Gain Account: ITAT [Read Order] Deduction u/s 54 F Income Tax Act shall not be denied by reason of Sale Amount is not deposited in Capital Gain Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Deduction-Income-Tax-Act-Sale-Amount-Sale-Amount-is-not-deposited-in-Capital-Gain-Account-deposited-Capital-Gain-Account-Capital-Gain-ITAT-Taxscan.jpg)
![No Addition can be made u/s 153A of the Income Tax Act in the Absence of Seizure of Incriminating Materials during Search Proceedings: ITAT [Read Order] No Addition can be made u/s 153A of the Income Tax Act in the Absence of Seizure of Incriminating Materials during Search Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/No-Addition-Income-Tax-Act-Seizure-of-Incriminating-Materials-during-Search-Proceedings-Seizure-of-Incriminating-Materials-Search-Proceedings-ITAT-Taxscan.jpg)
![Penalty Imposed u/s 271(1)(c) of IT Act for Commission Payment without Proper Hearing: ITAT directs Re-adjudication [Read Order] Penalty Imposed u/s 271(1)(c) of IT Act for Commission Payment without Proper Hearing: ITAT directs Re-adjudication [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Penalty-imposed-IT-Act-Penalty-commission-payment-without-proper-hearing-commission-payment-ITAT-directs-re-adjudication-taxscan.jpg)
![No Penalty u/s 271(1)(c) of Income Tax Act on Payment Received on Sale of Penny Stock Shares: ITAT [Read Order] No Penalty u/s 271(1)(c) of Income Tax Act on Payment Received on Sale of Penny Stock Shares: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/No-Penalty-Income-Tax-Act-Income-Tax-Act-on-Payment-Received-Sale-of-Penny-Stock-Shares-ITAT-taxscan.jpg)
![Delay of One Day in Filing Audit Report Due to Technical Glitches of Income Tax Portal: ITAT sets aside Penalty u/s 271B [Read Order] Delay of One Day in Filing Audit Report Due to Technical Glitches of Income Tax Portal: ITAT sets aside Penalty u/s 271B [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-sets-aside-Penalty-Delay-of-One-Day-in-Filing-Audit-Report-Penalty-ITAT-Filing-Audit-Report-Audit-Report-Technical-Glitches-of-Income-Tax-Portal-Income-Tax-Portal-Income-Tax-taxscan.jpg)
![Penalty u/s 271D cannot be Imposed after the Expiry of larger Period of Limitation: ITAT [Read Order] Penalty u/s 271D cannot be Imposed after the Expiry of larger Period of Limitation: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Penalty-Imposed-after-the-Expiry-Expiry-Expiry-of-larger-Period-of-Limitation-Limitation-ITAT-Income-Tax-Taxscan.jpg)
![ITAT deletes Penalty for Same Defaults Under Section 271(1)(b) in Second Round [Read Order] ITAT deletes Penalty for Same Defaults Under Section 271(1)(b) in Second Round [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Income-Tax-Second-Round-Defaults-ITAT-deletes-Penalty-Same-Defaults-ITAT-deletes-Penalty-for-Same-Defaults-Penalty-ITAT-Taxscan.jpg)
![Adjustment of Stipend as Exempted Income u/s 143(1) Without Stating Reason is not Valid: ITAT Deletes Addition [Read Order] Adjustment of Stipend as Exempted Income u/s 143(1) Without Stating Reason is not Valid: ITAT Deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Adjustment-of-Stipend-as-Exempted-Income-us-1431-Stating-Reason-ITAT-Addition-TAXSCAN.jpg)