https://www.taxtmi.com/caselaws?id=257425 The Tribunal dismissed the appeals by the assessee concerning the penalty under section 271(1)(c) of the Income Tax Act, 1961, affirming the penalty imposed for undisclosed income. The Tribunal allowed the appeals by the Revenue for statistical purposes regarding the penalty under section 271AAA, remanding the matter back to the CIT(A) for fresh consideration on the application of section 271AAA to determine undisclosed income. en-us Mon, 23 Feb 2015 00:00:00 +0530 Wed, 11 Mar 2015 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257425 The Tribunal dismissed the appeals by the assessee concerning the penalty under section 271(1)(c) of the Income Tax Act, 1961, affirming the penalty imposed for undisclosed income. The Tribunal allowed the appeals by the Revenue for statistical purposes regarding the penalty under section 271AAA, remanding the matter back to the CIT(A) for fresh consideration on the application of section 271AAA to determine undisclosed income. Case-Laws Income Tax Mon, 23 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257425