https://www.taxtmi.com/caselaws?id=374654 The penalties under Section 271(1)(c) for the assessment years 2004-05 and 2005-06 were deleted as the Tribunal found that the charges of 'concealment of income' were incorrect and unsustainable. However, the penalty under Section 271AAA for the assessment year 2010-11 was upheld at Rs. 56,120, as the Tribunal did not see a reason to interfere with the Commissioner of Income Tax (Appeals)'s decision. en-us Thu, 31 Jan 2019 00:00:00 +0530 Wed, 06 Feb 2019 07:23:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374654 The penalties under Section 271(1)(c) for the assessment years 2004-05 and 2005-06 were deleted as the Tribunal found that the charges of 'concealment of income' were incorrect and unsustainable. However, the penalty under Section 271AAA for the assessment year 2010-11 was upheld at Rs. 56,120, as the Tribunal did not see a reason to interfere with the Commissioner of Income Tax (Appeals)'s decision. Case-Laws Income Tax Thu, 31 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374654