https://www.taxtmi.com/caselaws?id=176135 The Tribunal allowed the appeals of the assessees in a case concerning penalties imposed under section 271AAA of the IT Act. The penalties were canceled as the assessees had met the conditions outlined in subsection (2) of the section, which the Departmental Authorities failed to consider. The Tribunal found the penalties unsustainable and set aside the orders, ruling in favor of the assessees. en-us Thu, 22 Dec 2011 00:00:00 +0530 Mon, 28 Aug 2017 20:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176135 The Tribunal allowed the appeals of the assessees in a case concerning penalties imposed under section 271AAA of the IT Act. The penalties were canceled as the assessees had met the conditions outlined in subsection (2) of the section, which the Departmental Authorities failed to consider. The Tribunal found the penalties unsustainable and set aside the orders, ruling in favor of the assessees. Case-Laws Income Tax Thu, 22 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176135