https://www.taxtmi.com/caselaws?id=356603 The Tribunal affirmed the deletion of the penalty under section 271AAA of the Income Tax Act, finding that the assessee had fulfilled the conditions for immunity by admitting the income and specifying its manner. As the Assessing Officer did not request further substantiation regarding the income source, the penalty deletion was upheld, and the Revenue's appeal was dismissed. en-us Thu, 01 Mar 2018 00:00:00 +0530 Thu, 08 Mar 2018 07:04:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356603 The Tribunal affirmed the deletion of the penalty under section 271AAA of the Income Tax Act, finding that the assessee had fulfilled the conditions for immunity by admitting the income and specifying its manner. As the Assessing Officer did not request further substantiation regarding the income source, the penalty deletion was upheld, and the Revenue's appeal was dismissed. Case-Laws Income Tax Thu, 01 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356603