https://www.taxtmi.com/caselaws?id=385078 The appeals were filed against the penalty imposed under Section 271AAB of the Income Tax Act, 1961 on undisclosed income surrendered following search operations on the Maharaja Group. The Tribunal remanded the issue back to the CIT(A) for further examination as the original statement supporting the penalty was not available. The CIT(A) was directed to consider all relevant aspects and provide adequate hearing opportunities to the assessees. All appeals were allowed for statistical purposes, pending re-adjudication by the CIT(A). en-us Mon, 26 Aug 2019 00:00:00 +0530 Thu, 29 Aug 2019 07:32:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385078 The appeals were filed against the penalty imposed under Section 271AAB of the Income Tax Act, 1961 on undisclosed income surrendered following search operations on the Maharaja Group. The Tribunal remanded the issue back to the CIT(A) for further examination as the original statement supporting the penalty was not available. The CIT(A) was directed to consider all relevant aspects and provide adequate hearing opportunities to the assessees. All appeals were allowed for statistical purposes, pending re-adjudication by the CIT(A). Case-Laws Income Tax Mon, 26 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385078