<s>[INST] What is the amount of penalty levied under section 271AAB(1)? [/INST] ​​​10% of undisclosed income of the specified previous year if assessee admits the undisclosed income; substantiates the manner in which it was derived; and on or before the specified date pays the tax, together with interest thereon and furnishes the return of income for the specified previous year declaring such undisclosed income
20% of undisclosed income of the specified previous year if assessee does not admit the undisclosed income, and on or before the specified date declare such income in the return of income furnished for the specified previous year and pays the tax, together with interest thereon;
60% of undisclosed income of the specified previous year if it is not covered by (a) or (b) above.​
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