https://www.taxtmi.com/caselaws?id=261369 The Tribunal upheld the deletion of the penalty under Section 271AAA for Assessment Year 2008-09. The disclosure made by the assessee was deemed to fall within the definition of 'undisclosed income,' and the principles established in previous court decisions supported this finding. The Revenue's appeal was dismissed as they failed to provide contradictory binding decisions or show why the principles relied upon by CIT (A) were irrelevant. Therefore, the Tribunal affirmed CIT (A)'s order regarding the penalty. en-us Thu, 25 Jun 2015 00:00:00 +0530 Fri, 10 Jul 2015 06:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261369 The Tribunal upheld the deletion of the penalty under Section 271AAA for Assessment Year 2008-09. The disclosure made by the assessee was deemed to fall within the definition of 'undisclosed income,' and the principles established in previous court decisions supported this finding. The Revenue's appeal was dismissed as they failed to provide contradictory binding decisions or show why the principles relied upon by CIT (A) were irrelevant. Therefore, the Tribunal affirmed CIT (A)'s order regarding the penalty. Case-Laws Income Tax Thu, 25 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261369