https://www.taxtmi.com/caselaws?id=178152 The Appellate Tribunal ITAT Rajkot dismissed four revenue appeals against CIT(A) orders for assessment years 2001-02, 2004-05, 2005-06, and 2006-07 regarding the levy of penalties under section 271(1)(c) of the Act. The Tribunal upheld the CIT(A)'s decision to delete penalties as the assessee had disclosed all income post search operations, and no further additions were made by the assessing officer. The Tribunal found no fault with the lower authority's orders, confirming the deletion of penalties and dismissing all revenue appeals. en-us Fri, 17 Jun 2011 00:00:00 +0530 Wed, 17 Feb 2016 19:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178152 The Appellate Tribunal ITAT Rajkot dismissed four revenue appeals against CIT(A) orders for assessment years 2001-02, 2004-05, 2005-06, and 2006-07 regarding the levy of penalties under section 271(1)(c) of the Act. The Tribunal upheld the CIT(A)'s decision to delete penalties as the assessee had disclosed all income post search operations, and no further additions were made by the assessing officer. The Tribunal found no fault with the lower authority's orders, confirming the deletion of penalties and dismissing all revenue appeals. Case-Laws Income Tax Fri, 17 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178152