https://www.taxtmi.com/caselaws?id=184982 The Appellate Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to delete the penalty under section 271AAA for the assessment year 2008-09. The Tribunal found that the Assessee had fulfilled the conditions specified under the provision, disclosing the income during search proceedings, specifying the manner of earning, and substantiating the undisclosed income. As the Revenue failed to challenge the findings of the CIT (A), the Tribunal dismissed the Revenue's appeal, affirming the deletion of the penalty. en-us Fri, 05 Jun 2015 00:00:00 +0530 Wed, 27 Jul 2016 12:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184982 The Appellate Tribunal upheld the decision of the Commissioner of Income Tax (Appeals) to delete the penalty under section 271AAA for the assessment year 2008-09. The Tribunal found that the Assessee had fulfilled the conditions specified under the provision, disclosing the income during search proceedings, specifying the manner of earning, and substantiating the undisclosed income. As the Revenue failed to challenge the findings of the CIT (A), the Tribunal dismissed the Revenue's appeal, affirming the deletion of the penalty. Case-Laws Income Tax Fri, 05 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184982