https://www.taxtmi.com/caselaws?id=188831 The tribunal set aside the penalty of Rs. 10,00,000 imposed under section 271AAA of the Income Tax Act, finding that the assessee had fulfilled all conditions for immunity from penalty by paying taxes and interest on the undisclosed income, without a specific deadline. The appeal was allowed, concluding that the penalty was unwarranted, and the order of the CIT(A) was overturned. en-us Thu, 27 Oct 2016 00:00:00 +0530 Sat, 17 Dec 2016 12:53:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188831 The tribunal set aside the penalty of Rs. 10,00,000 imposed under section 271AAA of the Income Tax Act, finding that the assessee had fulfilled all conditions for immunity from penalty by paying taxes and interest on the undisclosed income, without a specific deadline. The appeal was allowed, concluding that the penalty was unwarranted, and the order of the CIT(A) was overturned. Case-Laws Income Tax Thu, 27 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188831