https://www.taxtmi.com/caselaws?id=372744 The Tribunal dismissed the Revenue's appeal and the assessee's cross-objection. It upheld the CIT(A)'s decision to delete the penalty on Rs. 2,60,00,000 due to lack of corroborating evidence and confirmed the penalty on Rs. 19,15,065, supported by evidence found during the search. The order was pronounced on 26/12/2018. en-us Wed, 26 Dec 2018 00:00:00 +0530 Thu, 27 Dec 2018 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372744 The Tribunal dismissed the Revenue's appeal and the assessee's cross-objection. It upheld the CIT(A)'s decision to delete the penalty on Rs. 2,60,00,000 due to lack of corroborating evidence and confirmed the penalty on Rs. 19,15,065, supported by evidence found during the search. The order was pronounced on 26/12/2018. Case-Laws Income Tax Wed, 26 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372744