https://www.taxtmi.com/caselaws?id=275365 The Tribunal upheld the CIT (A)'s decision to delete the penalty of Rs. 12,50,000 imposed under section 271AAA on undisclosed income. The revenue's appeal against the deletion of the penalty was dismissed as the Tribunal found that since the assessee was covered only by a survey under section 133A and not a search under section 132, the penalty under section 271AAA was legally incorrect. The order was pronounced on February 5, 2016. en-us Fri, 05 Feb 2016 00:00:00 +0530 Fri, 28 Sep 2018 20:09:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275365 The Tribunal upheld the CIT (A)'s decision to delete the penalty of Rs. 12,50,000 imposed under section 271AAA on undisclosed income. The revenue's appeal against the deletion of the penalty was dismissed as the Tribunal found that since the assessee was covered only by a survey under section 133A and not a search under section 132, the penalty under section 271AAA was legally incorrect. The order was pronounced on February 5, 2016. Case-Laws Income Tax Fri, 05 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275365