https://www.taxtmi.com/caselaws?id=259909 The Tribunal dismissed the Revenue's appeals and allowed the assessee's appeals, directing the deletion of penalties levied under sections 271(1)(c) and 271AAA of the Income Tax Act, 1961. The Tribunal emphasized that mere changes in the head of income, acceptance of additions during assessment, and fulfillment of conditions under section 271AAA did not justify the imposition of penalties. en-us Wed, 06 May 2015 00:00:00 +0530 Tue, 26 May 2015 07:47:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259909 The Tribunal dismissed the Revenue's appeals and allowed the assessee's appeals, directing the deletion of penalties levied under sections 271(1)(c) and 271AAA of the Income Tax Act, 1961. The Tribunal emphasized that mere changes in the head of income, acceptance of additions during assessment, and fulfillment of conditions under section 271AAA did not justify the imposition of penalties. Case-Laws Income Tax Wed, 06 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259909