https://www.taxtmi.com/caselaws?id=265516 The appeals were partly allowed, with the Tribunal estimating 2.5% of the total receipts as the Assessee's income. The penalty issue was remitted back to the AO for a fresh decision as the Tribunal found the CIT(A) did not clearly establish the conditions for penalty. The decision was based on a detailed analysis of the search operation findings and the Assessee's role in the transactions. en-us Fri, 11 Jul 2014 00:00:00 +0530 Tue, 13 Oct 2015 08:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265516 The appeals were partly allowed, with the Tribunal estimating 2.5% of the total receipts as the Assessee's income. The penalty issue was remitted back to the AO for a fresh decision as the Tribunal found the CIT(A) did not clearly establish the conditions for penalty. The decision was based on a detailed analysis of the search operation findings and the Assessee's role in the transactions. Case-Laws Income Tax Fri, 11 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265516