https://www.taxtmi.com/caselaws?id=332134 The tribunal dismissed all appeals of the Revenue and allowed all appeals of the assessee, deleting the penalties levied under section 271(1)(c) for assessment years 2003-04, 2006-07, 2007-08, and 2008-09. The tribunal held that the penalties should have been levied under section 271AAA instead, as the searches were conducted after 1.4.2007, and there was no concealment of income by the assessee. en-us Fri, 29 Jul 2016 00:00:00 +0530 Sun, 11 Sep 2016 14:39:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332134 The tribunal dismissed all appeals of the Revenue and allowed all appeals of the assessee, deleting the penalties levied under section 271(1)(c) for assessment years 2003-04, 2006-07, 2007-08, and 2008-09. The tribunal held that the penalties should have been levied under section 271AAA instead, as the searches were conducted after 1.4.2007, and there was no concealment of income by the assessee. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332134