https://www.taxtmi.com/caselaws?id=386911 The Tribunal partially allowed the appeal, deleting the penalty on cash advances but confirming the penalty on excess silver. It emphasized the discretionary nature of penalties under Section 271AAB, requiring the AO to consider individual circumstances. The Tribunal stressed the importance of detailed show cause notices for compliance with natural justice principles. en-us Thu, 03 Oct 2019 00:00:00 +0530 Fri, 11 Oct 2019 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386911 The Tribunal partially allowed the appeal, deleting the penalty on cash advances but confirming the penalty on excess silver. It emphasized the discretionary nature of penalties under Section 271AAB, requiring the AO to consider individual circumstances. The Tribunal stressed the importance of detailed show cause notices for compliance with natural justice principles. Case-Laws Income Tax Thu, 03 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386911