https://www.taxtmi.com/caselaws?id=267036 The High Court upheld the order of the Tribunal regarding the penalty imposed under section 271AAA of the Income Tax Act, 1961. The Court found that the assessee had fulfilled the conditions of admitting, specifying, and substantiating the undisclosed income, as required by the law. The Court concluded that there was no legal basis to interfere with the Tribunal's decision, and therefore, the appeal by the appellant revenue was dismissed. en-us Mon, 14 Sep 2015 00:00:00 +0530 Thu, 29 Oct 2015 06:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267036 The High Court upheld the order of the Tribunal regarding the penalty imposed under section 271AAA of the Income Tax Act, 1961. The Court found that the assessee had fulfilled the conditions of admitting, specifying, and substantiating the undisclosed income, as required by the law. The Court concluded that there was no legal basis to interfere with the Tribunal's decision, and therefore, the appeal by the appellant revenue was dismissed. Case-Laws Income Tax Mon, 14 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267036