https://www.taxtmi.com/caselaws?id=267300 The Tribunal allowed the appeals in a case involving penalties under sections 271AAA and 271(1)(c) of the Income Tax Act, 1961. The Tribunal found that penalties under these sections are mutually exclusive and should have been imposed under section 271AAA for undisclosed income. The penalties imposed on the heart surgeon and two other medical professionals were deleted due to the Assessing Officer's error in invoking the wrong section. The judgments were pronounced on 29th September 2015. en-us Tue, 29 Sep 2015 00:00:00 +0530 Wed, 04 Nov 2015 09:43:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267300 The Tribunal allowed the appeals in a case involving penalties under sections 271AAA and 271(1)(c) of the Income Tax Act, 1961. The Tribunal found that penalties under these sections are mutually exclusive and should have been imposed under section 271AAA for undisclosed income. The penalties imposed on the heart surgeon and two other medical professionals were deleted due to the Assessing Officer's error in invoking the wrong section. The judgments were pronounced on 29th September 2015. Case-Laws Income Tax Tue, 29 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267300