M/S GIRIRAJ ENTERPRISES,PUNE vs. DCIT, CC.1(1), PUNE, PUNE
In the result, the appeal filed by the assessee is allowed and the appeal filed by the Revenue is dismissed
ITA 427/PUN/2025[2021-22]Status: DisposedITAT Pune24 Jul 2025AY 2021-22
Bench: Shri R. K. Panda & Ms. Astha Chandraassessment Year : 2021-22
For Appellant: Shri Nikhil S PathakFor Respondent: Shri Amol Khairnar, CIT-DR
Section 132Section 139Section 139(1)Section 143(3)Section 153ASection 271ASection 80I
section 271AAB of the Act. Thus, penalty u/s. 271AAB(1A) is leviable on the undisclosed income corresponding to such unaccounted sales found during the search. Since, the appellant admitted the undisclosed income in the statement recorded u/s. 132(4) of the Act and also specified the manner in which such undisclosed income was earned, the AO has rightly held that
