https://www.taxtmi.com/caselaws?id=242588 The High Court upheld the decision of the Income Tax Appellate Tribunal, dismissing the revenue's appeal against the penalty imposed on the assessee under Section 271AAA of the Income Tax Act. The Court found that the penalty was not justified as the assessee had disclosed additional income voluntarily, and no undisclosed income was found during the search. The Court agreed with the Tribunal's decision, stating that no substantial legal issues arose, and affirmed the dismissal of the revenue's appeal. en-us Mon, 11 Nov 2013 00:00:00 +0530 Sat, 18 Jan 2014 10:38:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242588 The High Court upheld the decision of the Income Tax Appellate Tribunal, dismissing the revenue's appeal against the penalty imposed on the assessee under Section 271AAA of the Income Tax Act. The Court found that the penalty was not justified as the assessee had disclosed additional income voluntarily, and no undisclosed income was found during the search. The Court agreed with the Tribunal's decision, stating that no substantial legal issues arose, and affirmed the dismissal of the revenue's appeal. Case-Laws Income Tax Mon, 11 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242588