https://www.taxtmi.com/caselaws?id=341483 The Tribunal upheld the deletion of the penalty under section 271AAA of the Income Tax Act. The assessee fulfilled the conditions by admitting undisclosed income, paying taxes, and meeting the requirements, leading to the penalty being deleted. Compliance with statutory obligations was emphasized to avoid penalties under the Act. en-us Thu, 06 Apr 2017 00:00:00 +0530 Mon, 10 Apr 2017 10:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341483 The Tribunal upheld the deletion of the penalty under section 271AAA of the Income Tax Act. The assessee fulfilled the conditions by admitting undisclosed income, paying taxes, and meeting the requirements, leading to the penalty being deleted. Compliance with statutory obligations was emphasized to avoid penalties under the Act. Case-Laws Income Tax Thu, 06 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341483