https://www.taxtmi.com/caselaws?id=282358 The Tribunal upheld the penalty imposed under Section 271AAA of the Income Tax Act, emphasizing the necessity of specifying and substantiating the manner in which undisclosed income was derived to qualify for immunity. The assessee's failure to meet these conditions led to the dismissal of the appeal, with the Tribunal emphasizing the importance of fulfilling all requirements for immunity from penalty. The decision was pronounced on 28.01.2019. en-us Mon, 28 Jan 2019 00:00:00 +0530 Sun, 04 Aug 2019 16:01:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282358 The Tribunal upheld the penalty imposed under Section 271AAA of the Income Tax Act, emphasizing the necessity of specifying and substantiating the manner in which undisclosed income was derived to qualify for immunity. The assessee's failure to meet these conditions led to the dismissal of the appeal, with the Tribunal emphasizing the importance of fulfilling all requirements for immunity from penalty. The decision was pronounced on 28.01.2019. Case-Laws Income Tax Mon, 28 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282358