Declaration of undisclosed income to "buy peace" does not renders an assessee immunity from initiation and levy of penalty

Under the Income Tax Act, 1961 penalty is to be levied on the amount of "tax sought to be evaded" in respect of the concealment of particulars of income or furnishing inaccurate particulars of the income. Nevertheless, in case of SEARCH penalty is also levied in respect of "Undisclosed Income" too.

source https://www.caclubindia.com/articles/declaration-undisclosed-income-to-buy-peace-does-not-renders-assessee-immunity-from-initiation-levy-of-penalty-46686.asp