https://www.taxtmi.com/caselaws?id=283780 The Tribunal upheld the CIT(A)'s decision to delete the penalty imposed under Section 271AAA of the Income Tax Act, 1961. The assessee had fulfilled the conditions by paying the tax along with interest on the undisclosed income. The Tribunal found that the assessee had specified the manner of earning the income and substantiated it with seized documents, meeting the requirements of Section 271AAA(2). The Revenue's appeals were dismissed, and the Tribunal's decision applied to related appeals with identical circumstances. en-us Wed, 10 Oct 2018 00:00:00 +0530 Fri, 11 Oct 2019 13:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283780 The Tribunal upheld the CIT(A)'s decision to delete the penalty imposed under Section 271AAA of the Income Tax Act, 1961. The assessee had fulfilled the conditions by paying the tax along with interest on the undisclosed income. The Tribunal found that the assessee had specified the manner of earning the income and substantiated it with seized documents, meeting the requirements of Section 271AAA(2). The Revenue's appeals were dismissed, and the Tribunal's decision applied to related appeals with identical circumstances. Case-Laws Income Tax Wed, 10 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283780