https://www.taxtmi.com/caselaws?id=355920 The Tribunal allowed the assessee's appeal, canceling the penalty imposed under section 271AAA of the Income Tax Act for the Assessment Year 2011-12. The Tribunal found that the appellant met the conditions for immunity from penalty as the undisclosed income was disclosed in the tax return within the due date under section 139(1) of the Act. The Tribunal ruled in favor of the assessee, citing case laws where penalties were canceled due to voluntary disclosure and absence of incriminating evidence. en-us Wed, 14 Feb 2018 00:00:00 +0530 Wed, 21 Feb 2018 06:29:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355920 The Tribunal allowed the assessee's appeal, canceling the penalty imposed under section 271AAA of the Income Tax Act for the Assessment Year 2011-12. The Tribunal found that the appellant met the conditions for immunity from penalty as the undisclosed income was disclosed in the tax return within the due date under section 139(1) of the Act. The Tribunal ruled in favor of the assessee, citing case laws where penalties were canceled due to voluntary disclosure and absence of incriminating evidence. Case-Laws Income Tax Wed, 14 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355920