https://www.taxtmi.com/caselaws?id=278145 The Tribunal allowed all five appeals filed by the assessee, overturning the penalties imposed under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal emphasized the importance of consistency in the grounds for penalty imposition and highlighted the need for a clear connection between additions and incriminating material seized during searches to justify penalties. en-us Mon, 20 Aug 2018 00:00:00 +0530 Sat, 12 Jan 2019 07:00:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278145 The Tribunal allowed all five appeals filed by the assessee, overturning the penalties imposed under section 271(1)(c) of the Income Tax Act, 1961. The Tribunal emphasized the importance of consistency in the grounds for penalty imposition and highlighted the need for a clear connection between additions and incriminating material seized during searches to justify penalties. Case-Laws Income Tax Mon, 20 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278145