https://www.taxtmi.com/caselaws?id=350927 The High Court considered the correctness of penalties imposed under Section 271AAA of the Income Tax Act, 1961. The penalties imposed on two Directors were deleted by the Appellate Commissioner, as the admission required under Section 271AAA was lacking. Following precedent, the ITAT upheld the deletion of penalties, citing a previous order. The Court dismissed the appeals, finding no substantial question of law. en-us Mon, 13 Nov 2017 00:00:00 +0530 Wed, 15 Nov 2017 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350927 The High Court considered the correctness of penalties imposed under Section 271AAA of the Income Tax Act, 1961. The penalties imposed on two Directors were deleted by the Appellate Commissioner, as the admission required under Section 271AAA was lacking. Following precedent, the ITAT upheld the deletion of penalties, citing a previous order. The Court dismissed the appeals, finding no substantial question of law. Case-Laws Income Tax Mon, 13 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350927