https://www.taxtmi.com/caselaws?id=379075 The tribunal dismissed both the Revenue's appeals and the assessee's cross-objections, upholding the CIT(A)'s findings on penalties under Section 271AAB. Penalties were confirmed only to the extent supported by evidence found during the search, emphasizing that penalties are not automatic and must be based on corroborative material discovered during the search. en-us Wed, 24 Apr 2019 00:00:00 +0530 Fri, 26 Apr 2019 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379075 The tribunal dismissed both the Revenue's appeals and the assessee's cross-objections, upholding the CIT(A)'s findings on penalties under Section 271AAB. Penalties were confirmed only to the extent supported by evidence found during the search, emphasizing that penalties are not automatic and must be based on corroborative material discovered during the search. Case-Laws Income Tax Wed, 24 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379075