https://www.taxtmi.com/caselaws?id=244140 The appeals were allowed for statistical purposes, and the orders imposing penalties under Section 271(1)(c) of the Income Tax Act for Assessment Years 2007-08 and 2008-09 were set aside. The case was remanded to the Assessing Officer for a fresh decision on the penalty, as the provisions of Section 271AAA were found to be inapplicable due to the search date not falling within the specified period. The assessee was granted the opportunity to present arguments on the applicability of the penalty provision. en-us Tue, 03 Sep 2013 00:00:00 +0530 Fri, 03 Apr 2026 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244140 The appeals were allowed for statistical purposes, and the orders imposing penalties under Section 271(1)(c) of the Income Tax Act for Assessment Years 2007-08 and 2008-09 were set aside. The case was remanded to the Assessing Officer for a fresh decision on the penalty, as the provisions of Section 271AAA were found to be inapplicable due to the search date not falling within the specified period. The assessee was granted the opportunity to present arguments on the applicability of the penalty provision. Case-Laws Income Tax Tue, 03 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244140